Question: Explain step by step please 4 An annuity provides a payment of $n at the end of each year for n years. The effective annual

Explain step by step please 4 An annuity provides a payment

Explain step by step please

4 An annuity provides a payment of $n at the end of each year for n years. The effective annual interest rate is 1. What is the present value of the annuity? A) n[1-(1)"] B) n[1+(1)"] C) n n"+i(n+1)-n+2 n2(n+1)-* D) E) n nn+l(n+1)-n+l

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