1. A man pays his debt in the following manner: $23,987 after 1 year., then $289 less from the previous payment and so o

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answerhappygod
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1. A man pays his debt in the following manner: $23,987 after 1 year., then $289 less from the previous payment and so o

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1. A man pays his debt in the following manner: $23,987 after 1year., then $289 less from the previous payment and so on up to16th year. Find the accumulated amount of these payments at therate of 4.80% compounded annually. (Write your final answer in fourdecimal places.)
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