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Find the accumulated value of an annuity assuming the first payment in 1 year is $1,000. Assume the payments increase at a rate of 1.8%
Find the accumulated value of an annuity assuming the first payment in 1 year is $1,000. Assume the payments increase at a rate of 1.8% per year. Assume there are a total of 7 payments andi(1) =8.6%. (Please note the question is asking for the accumulated value, not the present value)
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