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Question Consider an 40-year annuity-due with annual payments such that the first is 900 at time 0 and each subsequent payment decreases by 5%. Find

Question Consider an 40-year annuity-due with annual payments such that the first is 900 at time 0 and each subsequent payment decreases by 5%. Find the PV of this annuity at time 0 given an annual effective rate of interest i = 3%. Possible Answers A 8,506 B 9.875 10,215 D 11,131 E 12.229

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