Question: 7 . An easy payment plan for a new entertainment system calls for payments of $ 2 , 0 0 0 , $ 2 ,

7. An easy payment plan for a new entertainment system calls for payments of $2,000, $2,500, $3,000, $3,500 and $4,000 at the end of years 1 through 5. Your money is well-invested and earns a consistent 10% per year. If you prefer to make equal annual payments having the same present worth, how much would they be?

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