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A 14-year decreasing annuity-due (starts at time zero)makes a payment of $230 at the beginning...

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Finance

A 14-year decreasing annuity-due (starts at time zero)makes a payment of $230 at the beginning of the first year, and each subsequent payment is $10 less then the previous. What is the accumulated value of this annuity at time 17? The effective annual rate of interest is 1.3%

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