Find the uniform annual amount that is equivalenit to a uniform gradient series in which the...

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Find the uniform annual amount that is equivalenit to a uniform gradient series in which the first year's payment is $6,800, the second year's payment is $6,550, the third year's payment is $6,300, and so on, and there is a total of 10 payments. The interest rate is 8%. Select one: O a. 5832 O b. 6026 O c 5639 O d. 6219 O e 6413 Find the uniform annual amount that is equivalenit to a uniform gradient series in which the first year's payment is $6,800, the second year's payment is $6,550, the third year's payment is $6,300, and so on, and there is a total of 10 payments. The interest rate is 8%. Select one: O a. 5832 O b. 6026 O c 5639 O d. 6219 O e 6413

Answer rating: 100% (QA)

ANSWER A payment at the end of the first y... View the full answer