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What is the uniform annual payment

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Reference no: EM131064368

You expect to receive the following:

$1664

at the end of each year for 12 years

$15501

today

$4411

at the end of year 6

$1153

at the end of each year forever

$10920

at the end of 15 years

What is the uniform annual payment for 12 years is equivalent to the above payment if the interest rate is 8%?

Enter your answer as follow: 123456

Reference no: EM131064368

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