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What minimum initial amount will sustain a 25-year annuity paying $1000 at the end of each year if the initial amount can be invested to
What minimum initial amount will sustain a 25-year annuity paying $1000 at the end of each year if the initial amount can be invested to earn: a) 6% compounded annually? b) 6% compounded semiannually? c) 6% compounded quarterly? d) 6% compounded monthly?
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