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Our topic is about Annuity.An investment firm offers a 10-year,simply annuity with a guaranted rate of 6.85% compounded annually.How much should you pay so as to receive payments of 25,0000 pesos annually over the 10 period?
PLEASE show your solution.
7 years ago

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Anonymous
Surely your text has the formula you need. I don't know it right off, but I'm sure you can look it up as quickly as I can.
7 years ago

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