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| rev | Admin | (Created page with "Susan receives annual payments from a 20-year annuity-immediate. The payment in year 1 is 100 and in each succeeding year the payment is 90% of the prior year’s payment. Upon receipt of each payment, Susan invests the payment in a savings account earning interest at a 3% annual effective rate. Calculate the balance in the savings account immediately after Susan invests the last annuity payment. <ul class="mw-excansopts"><li>696</li><li>717</li><li>739</li><li>1296</li...") | Nov 18'23 at 19:45 | +520 |