Question: 1 . Equal Payment Series. What equal annual payment series is required to repay the following amounts? a . $ 3 million in 5 0

1. Equal Payment Series. What equal annual payment series is required to repay the following amounts?
a. $3 million in 50 years at 6% interest, compounded annually
b. $12,000 in 15 years at 6.25% interest, compounded annually
c. $2,500 in 5 years at 7.5% interest, compounded annually
d. $7,500 in 7 years at 5.25% interest, compounded annually

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