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Posted on Sep 11, 2024

You plan to deposit $ 3 , 0 0 0 into an account at the beginning of each year, for the next 1 0 years.

You plan to deposit $

3, 000

into an account at the beginning of each year, for the next

10

years. If the account earns an annual interest rate of

6 %,

compounded annually, what is the present value of this annuity due?

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