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EXAMPLE 2.2 (Accumulated value of an annuity-immediate) What level amount must be deposited on May I and November 1 each year from 2013 to 2020.

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EXAMPLE 2.2 (Accumulated value of an annuity-immediate) What level amount must be deposited on May I and November 1 each year from 2013 to 2020. inclusive, to accumulate to 7000 on November 1, 2020 if the nominal annual rate of interest compounded semi-annually is 9%

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