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Financial Math 2. (12 pt) An annuity-immediate with annual payments where the first 10 payments are $1000 each and then decrease by $100 per year
Financial Math
2. (12 pt) An annuity-immediate with annual payments where the first 10 payments are $1000 each and then decrease by $100 per year until it terminates. Find the accumulated value right after the last nonzero payment is paid if the annual effective rate is 6%. Av a ) Step by Step Solution
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