Question: Answer: $43,290.39 no excel please (2) A thirty-year annuity has end-of-month payments. The first year the payments are each $120. In subsequent years each payment

Answer: $43,290.39 no excel please (2) A thirty-year annuity has end-of-month

Answer: $43,290.39

no excel please

(2) A thirty-year annuity has end-of-month payments. The first year the payments are each $120. In subsequent years each payment increases by $5 over what it was the previous year. Find the present value of the annuity if I :-3%

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