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Business, 15.02.2022 14:00 chaanah

On 1/1/2010, Jason and Hillary made an investment of X. Jason invested X into a 12-year annuity-immediate with an annual payment of 5,000 each at an effective interest rate of 7%. Hillary invested X in an investment fund earning an annual effective interest rate of 6%. On 1/1/2013, Hillary used the accumulated value of her account to buy a 16-year annuity-due with annual payments of Z earning an effective interest rate of 8%. Calculate Z.

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On 1/1/2010, Jason and Hillary made an investment of X. Jason invested X into a 12-year annuity-imme...
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