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Unformatted text preview: $55,332 / 10.976 = $5,041 annual payment of the beginning of the year By how much would your answer differ if you invested the additional funds at the beginning of each year instead of at the end? If you made the payment at the beginning of the year the different would be $352....
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This note was uploaded on 04/01/2012 for the course FINC 354 taught by Professor Gibbons-cobb during the Spring '12 term at Columbia College.
- Spring '12