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A 1 0 - year annuity pays $ 1 , 9 0 0 per month, and payments are made at the end of each month.
A year annuity pays $ per month, and payments are made at the end of each month. The interest rate is percent compounded monthly for the first six years and percent compounded monthly thereafter.
What is the present value of the annuity?
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Finance Theory And Practice
Authors: Anne Marie Ward
4th Edition
191235036X, 978-1912350360
