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You are offered two equivalent investments: Investment A: 100,000 at time 10 Investment B: Annuity-immediate payable for 10 years You are given an interest rate
You are offered two equivalent investments: Investment A: 100,000 at time 10 Investment B: Annuity-immediate payable for 10 years You are given an interest rate of 5%. Find the annual payment for investment B. Payment for Investment B: Please show your work below
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