Question: Please do not use excel to solve the question. Thank you! Consider a 20-year annuity immediate in which the first payment is 1000$, and each

Please do not use excel to solve the question. Thank you!

Consider a 20-year annuity immediate in which the first payment is 1000$, and each subsequent payment is increased by either 50$ for the first 10 payments or by 100$ for the last 10 payments. Find the present value of this annuity if i = 10%

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