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Need step-by-step instructions to reach the solution 11. Deposits of $1000 are placed into a fund at the beginning of each year for the next

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11. Deposits of $1000 are placed into a fund at the beginning of each year for the next 20 years. At the end of the 20th year, annual payments from the fund commence and continue forever. If j1= 6 12%, determine the value of these payments. Solution $2523.65

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