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5 2 points Valuing Delayed Annuities Suppose that you will receive annual payments of $15,500 for a period of 20 years. The first payment
5 2 points Valuing Delayed Annuities Suppose that you will receive annual payments of $15,500 for a period of 20 years. The first payment will be made 6 years from now. If the interest rate is 9.00%, what is the value of the annuity in year 5, what is the current value of this stream of cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of the Security in Year 5 Value of the Security today $ 2162675.42 $ 1148050.87
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