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Q: How much needs to be invested now to secure a regular income of $10 000 at the end of every year for 15 years;
Q: How much needs to be invested now to secure a regular income of $10 000 at the end of every year for 15 years; then $8 000 at the end of every year for the following 10 years? The interest rate is assumed to be 3.25% compounded annually. A. $172 699 B. $158 953 C. S134 765 D. $123 573
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