A 15-year annuity pays $1,500 per month, and payments are made at the end of each month.

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A 15-year annuity pays $1,500 per month, and payments are made at the end of each month. if the interest rate is 11% compounded monthly for the first seven years, and 7% compounded monthly, therefore , what is the present value of the annuity?

Posted Date: Jun 15, 2024 08:47 AM

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A 15-year annuity pays $1,500 per month, and payments are made at the end of each month.

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