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You are given an effective annual rate of interest i = 5%. Find all of following values and tell which is largest. Present value of
You are given an effective annual rate of interest i = 5%. Find all of following values and tell which is largest. Present value of an annuity of $1 per year payable continuously for 50 years Accumulated value in 5 years of annual payments starting at $5 (one year from now) and decreasing by $1 per year. Present value of a perpetuity paying $1 every 5 years and increasing by $1 each payment (payments start 5 years from now)
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