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Find the present value of an annuity with the following terms: The first payment will be $3,700 and will occur in 1 year Each subsequent

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Find the present value of an annuity with the following terms: The first payment will be $3,700 and will occur in 1 year Each subsequent payment will increase by $107. The annuity will have a total of 11 payments. Assume interest rates are (1) 12.3%. -

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