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Solve clearly 1) You make a $50, 000 investment in the following way: You purchase an annuity immediate with 30 level annual payments at an

Solve clearly
1) You make a $50, 000 investment in the following way: You purchase an annuity immediate with 30 level annual payments at an effective annual interest rate of 4%. The payments received are immediately deposited in a fund earning an effective annual interest rate of 3%. Find the accumulated value after the 30 years

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