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Q1) What amount will be required to purchase, on man's 40th birthday, an annuity to provide him with thirty equal semi-annual of $1000 each, the

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Q1) What amount will be required to purchase, on man's 40th birthday, an annuity to provide him with thirty equal semi-annual of $1000 each, the first to be received on his 50th birthday, if nominal interest rate is 12% compounded semi-annually

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