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Please write out steps. No excel or financial calculator. Question 6.22 An annuity-due makes payments of $1 per year for 5 years, $2 per year

Please write out steps. No excel or financial calculator. image text in transcribed
Question 6.22 An annuity-due makes payments of $1 per year for 5 years, $2 per year for the next 5 years, and $3 per year for the last five years. The annual effective interest rate is 7%. Calculate the accumulated value of the 15 payments at the end of 15 years. A 16.20 B 17.33 C 37.94 D 44.70 E 47.82

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