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A 20-year annuity pays $2,250 per month, and payments are made at the end of each month. If the interest rate is 11 percent compounded

A 20-year annuity pays $2,250 per month, and payments are made at the end of each month. If the interest rate is 11 percent compounded monthly for the first ten years, and 7 percent compounded monthly thereafter, what is the present value of the annuity?

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