Question: Question 2 ( 2 . 5 points ) An annuity pays 1 at the end of each year for n years. Using an annual effective

Question 2(2.5 points)
An annuity pays 1 at the end of each
year for n years. Using an annual
effective interest rate of i, the
accumulated value of the annuity at
time (n+1) is 30.772. It is also known
that (1+i)n=3.797.
Calculate n.
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 Question 2(2.5 points) An annuity pays 1 at the end of

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