An annuity immediate has a first payment of 100 and increases by 100 each year until...
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An annuity immediate has a first payment of 100 and increases by 100 each year until payments reach 500. Find the present value at 6.5%. An annuity immediate has a first payment of 100 and increases by 100 each year until payments reach 500. Find the present value at 6.5%.
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To find the present value of the annuity immediate we can use the formula for the present value of a... View the full answer
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