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Business, 14.08.2020 02:01 carter4026

You are given an annuity-immediate paying 10 for 10 years, then decreasing by one per year for nine years and paying one per year thereafter, forever. The annual effective rate of interest is 4%. Calculate the present value of this annuity.

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You are given an annuity-immediate paying 10 for 10 years, then decreasing by one per year for nine...
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