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An annuity-immediate makes an unknown number of annual payments of 3500 dollars. If there were...

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Accounting

An annuity-immediate makes an unknown number of annual payments of 3500 dollars.

If there were twice as many payments, the present value of the annuity would increase by 26%.

If there were 7 times as many payments, the present value of the annuity would increase by K%.

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