Calculate theannual payment of annuity b, Finance Basics

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Calculate theannual payment of annuity b

Problem

Annuity A and B has the same present value. Suppose the required rate of return is 75% per year. Annuity A pays $5,000 at the first day of every year for twenty years while the payment of Annuity B is made at the last day of every year for twenty years. Calculate theannual payment of Annuity B.

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Finance Basics: Calculate theannual payment of annuity b

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