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| rev | Admin | (Created page with "Olga buys a 5-year increasing annuity for X. Olga will receive 2 at the end of the first month, 4 at the end of the second month, and for each month thereafter the payment increases by 2. The annual nominal interest rate is 9% convertible quarterly. Calculate X. <ul class="mw-excansopts"><li>2680</li><li>2730</li><li>2780</li><li>2830</li><li>2880</li></ul> {{soacopyright | 2023 }}") | Nov 18'23 at 8:50 | +387 |