Statutory Accounting Principles Working Group
Terms of a 20-year annuity-certain: Initial payment: $300 due 1/1/2000. Payment pattern: All payments are made on January 1. Payments increase by $300 each year beginning 1/1/2001 through 1/1/2009. Payments decrease by $200 each year beginning 1/1/2010 through 1/1/2019. Interest rate: 7% per year… ................
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