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Q1: Assume further that Ali wants to determine the most it should pay to purchase particular ordinary annuity. The annuity consists of cash flows of

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Q1: Assume further that Ali wants to determine the most it should pay to purchase particular ordinary annuity. The annuity consists of cash flows of 5000 SR at the end of each year for 8 years. Ali requires the annuity to provide a minimum return of 9%. Formula: Financial table

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