Question: Further analysis of Problem 13. a. Find the present value of 2 percent $1,000 (or $20) for 20 years at 10 percent. The $20

Further analysis of Problem 13.

a. Find the present value of 2 percent × $1,000 (or $20) for 20 years at 10 percent. The $20 is assumed to be an annual payment.

b. Add this value to $1,000.

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