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Incorrect Question 5 0/2 pts Two annuities have the same present value. The first annuity is a decreasing annual annuity. The first payment is 500,
Incorrect Question 5 0/2 pts Two annuities have the same present value. The first annuity is a decreasing annual annuity. The first payment is 500, due one year from today. Subsequent annual payments decrease by 50 per year. The interest rate is 9% compounded annually. The second annuity provides payments of K per month for 10 years. The first payment is due one month from today. The interest rate is 9% compounded annually. What is K? [4.h-i #48] At least 24, but less than 26 At least 22, but less than 24 At least 28, but less than 30 At least 26, but less than 28 O At least 20, but less than 22
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