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Homework - Answered Due Today, 11:59 PM An annuity-immediate with 15 annual payments has a payment of 1,000 in the first year. Each subsequent payment

Homework - Answered Due Today, 11:59 PM An annuity-immediate with 15 annual payments has a payment of 1,000 in the first year. Each subsequent payment increases by 3%. Find the present value of this annuity at 5.25% effective. (use a decimal number, rounded to the nearest 100th. For example, 12345.67) Homework - Answered Due Today, 11:59 PM An annuity-immediate with 15 annual payments has a payment of 1,000 in the first year. Each subsequent payment increases by 3%. Find the present value of this annuity at 5.25% effective. (use a decimal number, rounded to the nearest 100th. For example, 12345.67)

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