Serena receives a fifty-year annuity-due that has payments that start at $2,000 and increase by...
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Serena receives a fifty-year annuity-due that has payments that start at $2,000 and increase by 1.9% per year through the twenty-fourth payment, then stay level at $4,000. Find the accumulated value of this annuity at the end of fifty years if the annual effective rate of interest remains 5.6% throughout the time of the annuity. Round your answer to the nearest cent
009 10.0 points MIT 3-147 Serena receives a fifty-year annuity-due that has payments that start at $2,000 and increase by 1.9% per year through the twenty-fourth payment, then stay level at $4,000. Find the accumulated value of this annuity at the end of fifty years if the annual effective rate of interest remains 5.6% throughout the time of the annuity. Round your answer to the nearest ce Answer in units of dollars. Your answer must be within 0.0%
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