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What is the value for a

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Question - You are planning for your future needs and retirement. You want to receive $100,000 10 years from today and a retirement annuity of $80,000 per year for 20 years with the first payment 20 years from today. To pay for this, you will make 3 annual payments of $A per year beginning today and 2 annual payments of $A per year with the first payment 7 years from today. With an interest rate of 8%, what is the value for A?

Reference no: EM133041808

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