An 8-year annuity gives monthly payments. The first payment is $3.50 one month from now, and...

An 8-year annuity gives monthly payments. The first payment is $3.50 one month from now, and each subsequent payment is $1.00 higher than the previous payment. At a nominal rate of interest 10.00% convertible monthly, what is the price of this annuity?

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jeff jeffy answered 1 year ago

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