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the possible answers are 604, 620, 640, 658, 678 17. A family purchases a perpetuity-immediate that provides annual payments that decrease by 0.4 % each
the possible answers are 604, 620, 640, 658, 678 17. A family purchases a perpetuity-immediate that provides annual payments that decrease by 0.4 % each year. The price of the perpetuity is 10,000 at an annual force of interest of 0.06. Calculate the amount of the perpetuity's first payment
the possible answers are 604, 620, 640, 658, 678
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