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4. PT Tajir, an asset management company launched an investment product that has the following...

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Finance

4. PT Tajir, an asset management company launched an investment product that has the following features: The customer must make regular payments of 1,000 at the beginning of each year for 15 years. The product provides an effective interest rate of 5% per annum for the first 5 years and an effective interest rate of 8.5% per annum for the following 10 years. The investment balance will be deducted by PT Tajir by at the beginning of each year for the first 5 years as an investment management fee. Determine the value of such that the accumulated value at the end of 15 years will be the same as if the customer had invested the same amount of money each year with an effective interest rate of 7.5% per annum. Round the answer to the nearest unit. a. 95 b. 87 c. 80 d. 72 e. 65

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