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QUESTION 10 An annuity issued today pays the following: 5500 in one year, $800 in two years, $1,100 in three years, and so on. The

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QUESTION 10 An annuity issued today pays the following: 5500 in one year, $800 in two years, $1,100 in three years, and so on. The final payment is $3,200 in ten years. Calculate the annuity's present value assuming an annual effective interest rate of 6%. A) 12048.32 B) 12194.55 C) 1228493 D) 12302.73 E) 12560.74

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