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Kelly Reading invests $14,404.31 now for a series of $2,700 annual returns beginning one year from now. Kelly will earn a return of 10% on
Kelly Reading invests $14,404.31 now for a series of $2,700 annual returns beginning one year from now. Kelly will earn a return of 10% on the initial investment. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How many annual payments of $2,700 will Kelly receive? (Hint: Use Table 4.)
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