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(1 point) (Exercise 4.2) Find the present value of a 10-year annuity which pays $720 at the beginning of each month for the first 5

(1 point) (Exercise 4.2) Find the present value of a 10-year annuity which pays $720 at the beginning of each month for the first 5 years. increasing to $920 per month thereafter. The annual effective rate of interest is 6.8%. ANSWER =$

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