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A 10-year annuity due pays 50 quarterly for the first 5 years and 100 quarterly for the last 5 years. The annuity earns at a
A 10-year annuity due pays 50 quarterly for the first 5 years and 100 quarterly for the last 5 years. The annuity earns at a nominal rate of 6% convertible semi-annually. What is the present value of this annuity?
NOTE: DON'T USE ANY PROGRAM LIKE (EXCEL ...etc)
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