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A 10-year annuity pays $1000 per month, and payments are made at the end of each month. If the interest rate is 4.6 percent compounded

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A 10-year annuity pays $1000 per month, and payments are made at the end of each month. If the interest rate is 4.6 percent compounded monthly for the first three years, and 6.8 percent compounded monthly thereafter, what is the present value of the annuity (approximately)? O $96,041 O $91,308 $86,896 O $91,674 $24,541

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