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steps plz Question 1 500,000 is used to purchase a 20 year inflation adjusted annuity-due. Calculate the first payment of this annuity, if inflation is

steps plz

Question 1 500,000 is used to purchase a 20 year inflation adjusted annuity-due. Calculate the first payment of this annuity, if inflation is anticipated to be 2.0% per year and the effective rate of interest is 4.0%. First payment of annuity

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