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es, what is X 4. An n year annuity immediate has a first payment of $1,600. The payments increase 3% per year thereafter. If one

es, what is X 4. An n year annuity immediate has a first payment of $1,600. The payments increase 3% per year thereafter. If one assumes an effective annual interest rate of 4.5%, the present value is $27,931.57 What is n

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