Question: using paper Question 5: An annuity makes payments at the end of each year for 10 years at an annual effective rate of 4%. The

using paper Question 5: An annuity makes payments at the end of using paper

Question 5: An annuity makes payments at the end of each year for 10 years at an annual effective rate of 4%. The payment at the end of the first year is 2, at the end of the is 1. This pattern of payments repeats and continuous for 10 years. Calculate the present value of this annuity. second year

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