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Q# 2: You inherited a 15-year annuity-immediate with level annual the end of 15 years is 38,000. You are also told that the present value

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Q# 2: You inherited a 15-year annuity-immediate with level annual the end of 15 years is 38,000. You are also told that the present value at the time of inheritance is $ 15,000. Determine the level of annual payments. Also, determine the annual effective interest rate earned by this trust

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