Question: Eric purchases 3 different annuities, each costing 3000. The first annuity is an N year annuity with payments of 300. The second annuity is a

Eric purchases 3 different annuities, each costing 3000. The first annuity

Eric purchases 3 different annuities, each costing 3000. The first annuity is an N year annuity with payments of 300. The second annuity is a 2N year annuity with payments of 200. The final is a 3N year annuity with payments of K. All annuities are based on the same annual effective interest rate of i, i > 0. Determine K. O A. 121 OB. 141 O C. 151 OD. 171 O E. 191 Eric purchases 3 different annuities, each costing 3000. The first annuity is an N year annuity with payments of 300. The second annuity is a 2N year annuity with payments of 200. The final is a 3N year annuity with payments of K. All annuities are based on the same annual effective interest rate of i, i > 0. Determine K. O A. 121 OB. 141 O C. 151 OD. 171 O E. 191

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