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A 1 1 - year annuity pays $ 1 , 7 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 five years and percent compounded monthly thereafter.
What is the present value of the annuity?
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Fintech For Finance Professionals
Authors: David Kuo Chuen Lee, Joseph Lim, Kok Fai Phoon, Yu Wang
1st Edition
9811241864, 978-9811241864
