Question: fill the blank and explain it please A decreasing annuity with annual payments pays $600 today and will pay $20 less each year. The annuity

fill the blank and explain it please

A decreasing annuity with annual payments pays $600 today and will pay $20 less each year. The annuity terminates when the payment amount reached $0. Calculate the present value of the annuity as of today, when the annual effective interest rate is 4%. Round the answer to the nearest ten dollars

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