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justion will save this response. Question 16 Question 16 of 27 4 points I purchase an annuity immediate with monthly payments for 15 years. The

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justion will save this response. Question 16 Question 16 of 27 4 points I purchase an annuity immediate with monthly payments for 15 years. The payments are level during the year but increase by 5% each year. The initial payment is 400. What should be the price of this annuity if the AEIR = 4%? O A. 75051 27 O B. 74039 61 O C. The answer does not appear here O D. 75439 12 O E. 65411 52

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