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  3. 4. you want to purchase an annuity with n payments

4. You want to purchase an annuity with n payments of 1. You can receive...

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4. You want to purchase an annuity with n payments of 1. You can receive the first payment at the end of year 5 and the remaining payments at ten-year intervals thereafter. Let i be the annual effective interest rate. Find the price of the annuity. (a) a10n+5/2 -25) sgi a10n+5ji agli a1012 o a10n+5/2 -410i 0512 a10n+51i 1012 s1011 a10n+5li a 10 a 10

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