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A 1 9 - 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 six years and percent compounded monthly thereafter.
What is the present value of the annuity?
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Analysis For Financial Management
Authors: Robert Higgins
7th Edition
0072863641, 9780072863642
