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Two annuities have equal present values and an applicable discount rate of 7 percent. One...

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Finance

Two annuities have equal present values and an applicable discount rate of 7 percent. One annuity pays RM2,500 on the first day of each year for 15 years. How much does the second annuity pay each year for 15 years if it pays at the end of each year?
A. RM2,675.00 B. RM2,331.00 C. RM2,266.67 D. RM2,500.00

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