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Question You are given an annuity-immediate with 15 annual payments. The first payment is 120 at the end of the first year and each subsequent

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Question You are given an annuity-immediate with 15 annual payments. The first payment is 120 at the end of the first year and each subsequent payment increases by 3%. Find the PV of this annuity at an annual effective rate of interest i = 6%. Possible Answers A 1209 B 1239 1302 D 1357 E 1400

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