Question: please show all work (2) A thirty-year annuity has end-of-month payments. The first year the payments are each $120. In subsequent years each payment increases

please show all work (2) A thirty-year annuity has end-of-month payments.

please show all work

(2) A thirty-year annuity has end-of-month payments. The first year the payments are each $120. In subsequent years each payment increases by $5 over what it was the previous year. Find the present value of the annuity if i = 3%

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