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Robert Morales invests $7,433.24 now for a series of $1,200 annual payments beginning one year from now. Robert will earn a return of 12% on
Robert Morales invests $7,433.24 now for a series of $1,200 annual payments beginning one year from now. Robert will earn a return of 12% on the initial investment. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided How many annual payments of $1,200 will Robert receive? (Hint: Use Table 4.) (Round answer to 0 decimal places, e.g. 25.) Number of annual payments
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