An annuity has payments that begin at 2 one year from now, Ask an Expert

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An annuity has payments that begin at $2 one year from now and increase by $4 per year until payments are $30.

The payments remain at $30 until the total payments first exceed $200.

Determine the value of the annuity now (i.e. one year before the first payment) if the valuation rate of interest is 5%.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92304294

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