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Business, 17.02.2022 14:00 tamiawilliams3pe55hs

What is the equal payment series for 12 years that is equivalent to a payment series of $15,000 at the end of the first year, decreasing by $1,000 each year over 12 years? Interest is 8 % compounded annually.

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What is the equal payment series for 12 years that is equivalent to a payment series of $15,000 at t...
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