Question: b) What is the equal payment series for 10 years that is equivalent to a payment series of $18,000 at the end of the first

b) What is the equal payment series for 10 years that

b) What is the equal payment series for 10 years that is equivalent to a payment series of $18,000 at the end of the first year, decreasing by $1,500 each year over 10 years? Interest is 9% compounded annually

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