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Step by Step help please thank you:) 10 Laverne receives annual $1000 payments for 10 years from an annuity-due. Shirley receives level monthly payments for

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Step by Step help please thank you:)

10 Laverne receives annual $1000 payments for 10 years from an annuity-due. Shirley receives level monthly payments for 10 years from an annuity-due. At i=0.08, the present values of their annuities are equal. Laverne reinvests her payments at an annual effective rate of 9% per year. Shirley reinvests her payments at an annual effective rate of 10% per year. Find the difference in the accumulated values of their reinvested payments at the end of 10 years. (a) 144.55 (b) 826.33 (c) 881.20 (d) 1266.00 (e) 1741.13

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