Question: What is the equivalent AW of a two-year contract that pays $2,000 at the beginning of the first month and increases by $200 for each

What is the equivalent AW of a two-year contract that pays $2,000 at the beginning of the first month and increases by $200 for each month thereafter? = 12% compounded monthly.
(a) $10,616
(b) $131,982
(c) $5,511
(d) $4,205
(e) $134,649

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