What is the equivalent equal annual payment to substitute
What is the equivalent equal annual payment to substitute for a series of payments starting at $12,000 and increasing by $1000 each year for 25 years at an interest rate of 6%? What is the present worth of this series? How large is the 20th payment?
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what is the equivalent equal annual payment to substitute for a series of payments starting at 12000 and increasing by
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