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What is the equivalent AW of a two year contract that pays $2000 at the beginning of the first month and increases by $200 for each month thereafter MARR 12% compounded monthly

What is the equivalent AW of a two-year contract that pays $2,000 at the beginning of the first month and increases by $200 for each month thereafter? MARR = 12% compounded monthly. (a) $10,616 (b) $131,982 (c) $5,511 (d) $4,205 (e) $134,649
 

May 28 2020 Read more Less More

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