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Business, 15.01.2020 18:31 sssavannahh

You purchase an annuity due for $1,200. the annuity has 11 annual payments of 100 and a larger payment at the beginning of year 12. the effective annual interest rate is 3.50%. what is the present value at the end of the 8th year of the remaining payments?

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You purchase an annuity due for $1,200. the annuity has 11 annual payments of 100 and a larger payme...
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