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Details Please! An annuity pays 50 in 1 year, 55 in 2 years, 60 in 3 years, and so on until a final payment of

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An annuity pays 50 in 1 year, 55 in 2 years, 60 in 3 years, and so on until a final payment of 150 in 21 years. If the annual effective interest rate is 5%, calculate the present value of the annuity

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