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What is the total annuity of a basic payment of $500 per year for 10 years that increases by $50 per year beginning from the
What is the total annuity of a basic payment of $500 per year for 10 years that increases by $50 per year beginning from the 2nd year at the annual interest rate of 10%?
Question options:
$936
$550
$500
$686
$1,186
with explanation please
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