Question: At an effective annual interest rate i, the present value of $10 per year, payable at the beginning of each year for ten years, is

 At an effective annual interest rate i, the present value of

At an effective annual interest rate i, the present value of $10 per year, payable at the beginning of each year for ten years, is $67.60. At the same interest rate, the accumulated value at the end of ten years of a single payment now of $10 is $25.94. In which of the following ranges is this accumulated value (still at this same interest rate) at the end of twenty years of $10 per year, payable at the end of each year? Selected Answer Answers S600 but

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