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5. What amount will besrequired to purchase, on a man's 40th birthday, an annuity to...

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5. What amount will besrequired to purchase, on a man's 40th birthday, an annuity to provide him with thirwy equal semi- annual payments of $1000.00 each, the first to be received on his 50th birthday, if nominal interest is, 4% compounded semi- annually? (20 pts.)

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