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( f ) If money earns interest at a constant effective rate of 5 % per year, how much should you pay today for an

(f) If money earns interest at a constant effective rate of 5% per year, how
much should you pay today for an annuity that will pay you:
i. $1,000 at the end of each of the next 10 years?
ii. $1,000 at the end of every year forever?
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