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Question 13 / 14 What equivalent annual equal payment series is necessary to repay a uniform gradient series of 10 end-of-year payments, given that: This gradient series begins at $7,000 (EOY 1) and decreases at the rate of $400 per year. The interest rate is 12 % per year compounded annually? 1. C $39.551.56 2. c $3.000.00 3. C$31.449.93 4. C $5.566.14 5. None Previous Next