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| rev | Admin | (Created page with "At the end of each year for 60 years, Marilyn makes a deposit to a bank account that credits interest at an annual effective interest rate of i. She deposits 2 at the end of the first year, and each subsequent year her deposit increases by 2. At the end of 60 years, Marilyn uses the accumulated amount to purchase a 5-year annuity-immediate paying annually at the same annual interest rate of i, with a first payment of X and each subsequent payment increasing by 5%. Which...") | Nov 18'23 at 19:19 | +1,153 |