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A 1 5 - year annuity pays $ 2 , 3 0 0 per month at the end of each month. If the APR is

A 15-year annuity pays $2,300 per month at the end of each month. If the APR is 12 percent compounded monthly for the first seven years and 11 percent compounded monthly thereafter, what is the value of the annuity today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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