Question: Financial Mathematics question, please use formulas and handwritten work rather than excel (picture provided). Will rate kindly. The present value of a 25-year annuity-immediate 2500

Financial Mathematics question, please use formulas and handwritten work rather than excel (picture provided). Will rate kindly.

The present value of a 25-year annuity-immediate 2500 and decreasing by 100 each year thereafter is X. Assuming an annual effective interest rate of 10%, calculate X. (A) 11,346 (B) 13,615 (C) 15,923 (D) 17,396 (E) 18,112 with a first payment of

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