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Question 6.13 An annuity-immediate makes payments of $10 per year for 10 years. An annuity-due that makes 12 annual payments of X has the same

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Question 6.13 An annuity-immediate makes payments of $10 per year for 10 years. An annuity-due that makes 12 annual payments of X has the same present value as the annuity-immediate. The annual effective interest rate is 8%. Calculate X. A 7.07 B 7.63 C 8.24 D 8.90 E 9.62

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