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TB SA Qu . 1 3 - 1 0 3 ( Static ) What must Jarish invest today... What must Jarish invest today to receive

TB SA Qu

. 13 - 103 (

Static

)

What must Jarish invest today...

What must Jarish invest today to receive an annuity of $

5, 000

for

10

years quarterly at a

12 %

annual rate? All withdrawals will be made at the end of each period.

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