4. Tyler makes a series of payments at the end of each month for four...
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4. Tyler makes a series of payments at the end of each month for four years. The first payment is $5,000, and it occurs one month from today. Each subsequent payment through the second year decreases by 1% from the previous payment. After the 24th payment, each payment increases by 0.5% from the previous payment. Calculate the accumulated value of these payments at time 5 years using an annual effective interest rate of 12.5% (A) 294,500 (B) 299,741 (C) 304,982 (D) 310,223 (E) 315,464 4. Tyler makes a series of payments at the end of each month for four years. The first payment is $5,000, and it occurs one month from today. Each subsequent payment through the second year decreases by 1% from the previous payment. After the 24th payment, each payment increases by 0.5% from the previous payment. Calculate the accumulated value of these payments at time 5 years using an annual effective interest rate of 12.5% (A) 294,500 (B) 299,741 (C) 304,982 (D) 310,223 (E) 315,464
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