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A 1 3 - 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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The Handbook Of The Economics Of Corporate Governance Volume 1
Authors: Benjamin Hermalin , Michael Weisbach
1st Edition
0444635300,0444635408
