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Powns an annuity that promised to pay out cash flows every six months starting today, with the last payout in 20 years. Each cash flow

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Powns an annuity that promised to pay out cash flows every six months starting today, with the last payout in 20 years. Each cash flow will be 2.6% greater than the previous. The value of this annuity is $125,683 and it is valued at 4.7% p.a. compounded twelve times a year. a. What cash flow is P expecting today? [9] b. What cash flow will P expected in exactly seven and a half years? [3]

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