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A 1 8 - year annuity pays $ 1 , 2 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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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
