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Given an annuity-immediate that pays 100 at the end of each year for 5 years. Use the accumulation function a(t)=1+0.02t to calculate the accumulated value
Given an annuity-immediate that pays 100 at the end of each year for 5 years. Use the accumulation function a(t)=1+0.02t to calculate the accumulated value at time 5 of this annuity.
A.519
B.585
C.627
D.492
E.530
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