Find the unknown amount x if the first payment is x and
For 100000, Smith purchases a 36-payment annuity-immediate with monthly payments. Assume an effective annual interest rate of 12.68%. Find the unknown amount X if the first payment is X and each subsequent payment is 50 more than the previous one.
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for 100000 smith purchases a 36-payment annuity-immediate with monthly payments assume an effective annual interest
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