Find the accumulated value of this annuity

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Reference no: EM13731453

Serena receives a fifty-year annuity due that has payments that start at $2,000 and increase by 3% per year through the twenty-fourth payment, then stay level at $4,000. Find the accumulated value of this annuity at the end of fifty years if the annual effective rate of interest remains at 4.2% throughout the time of the annuity.

Reference no: EM13731453

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