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Old mathjax webview An investor purchased a three-year index-linked security on 1.1.2015. In return, the investor received payments at the end of each year plus

Old mathjax webview

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An investor purchased a three-year index-linked security on 1.1.2015. In return, the investor received payments at the end of each year plus a final redemption payment, all of which were increased in line with the index given in the table above. The payments would have been f600 each year and 11,000 on redemption if there had been no inflation. Calculate the payments actually received by the investor.

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