What annual equal payment series

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Reference no: EM131012720

What annual equal payment series is necessary to repay the following increasing series of payments?

a. A series of 7 end-of-year payments that begins at $2,000 and increases at the rate of $100 a year with 10% interest compounded annually.

b. A series of 30 end-of-year payment that begins at $250 and increases at the rate of $50 a year with 9% interest compounded annually.

c. A series of 25 end-of-year payments that begins at $400 and increases at the rate of $200 a year with 12.5% interest compounded annually.

Reference no: EM131012720

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