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Options: a) 355 b) 411 c) 345 d) 375 e) 395 An annuity-immediate pays 40 per year for 10 years, then decreases by 2 per
Options:
a) 355
b) 411
c) 345
d) 375
e) 395
An annuity-immediate pays 40 per year for 10 years, then decreases by 2 per year for 9 years. At an annual effective interest rate of 6%, the present value is equal to X. Calculate XStep by Step Solution
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