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A 20 year annuity pays $2,200 per month at the end of each month. If the discount rate is 10 percent compounded monthly for the

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A 20 year annuity pays $2,200 per month at the end of each month. If the discount rate is 10 percent compounded monthly for the first nine years and 7 percent compounded monthly thereafter, what is the present value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) points Present value eBook Print References Graw Type here to se O a em N9w olos

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