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In 21 years you would like to receive $25,000 income annually to perpetuity. You will receive the first payment in exactly 21 years. What equal

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In 21 years you would like to receive $25,000 income annually to perpetuity. You will receive the first payment in exactly 21 years. What equal annual deposits are required to guarantee that income if you make your first deposit in one year and you make your last deposit in 20 years. The annual interest rate is 9%. 277,777,78 1.250 5.429.58 13,251

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