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

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

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You Purchase An Annuity Due For 1 200 The Annuity Has 11 Annual Payments Of 100 And A Larger Payment At The Beginning 1
You Purchase An Annuity Due For 1 200 The Annuity Has 11 Annual Payments Of 100 And A Larger Payment At The Beginning 1 (11.07 KiB) Viewed 46 times
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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