Calculate theannual payment of annuity b

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Reference no: EM133369171

Question: Annuity A and B has the same present value. Suppose the required rate of return is 7.5% 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.

Reference no: EM133369171

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