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| rev | Admin | (Created page with "You are given the following information regarding two annuities with annual payments: #Annuity X is a 20-payment annuity-immediate which provides an initial payment of 2500 and each subsequent payment is 5% larger than the preceding payment. #Annuity Y is a 30-payment annuity-due which provides an initial payment of k and each subsequent payment is 4% larger than the preceding payment. Using an annual effective interest rate of 4%, Annuity X and Annuity Y have the same...") | Nov 18'23 at 20:56 | +633 |