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| rev | Admin | (Created page with "A 20-year arithmetically increasing annuity-due sells for 600,000 and provides annual payments. The first payment is X, and each payment thereafter is X more than the previous payment. A 25-year arithmetically increasing annuity-due provides annual payments. The first payment is X, and each payment thereafter is X more than the previous payment. The prices of the two annuities are calculated using a continuously compounded annual interest rate of 6%. Calculate the price...") | Nov 18'23 at 11:48 | +638 |