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A 11-year annuity pays $1,900 per month, and payments are made at the end of each month. The interest rate is 7 percent compounded monthly

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A 11-year annuity pays $1,900 per month, and payments are made at the end of each month. The interest rate is 7 percent compounded monthly for the first six years and 4 percent compounded monthly thereafter. What is the present value of the annuity? Multiple Choice 0 $175,726.32 0 $182,898.82 0 $2,151,750.83 0 $179,312.57 0 $214,611.68

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