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A twenty year annuity pays $1000 per month, and payments are made at the end of each month. If the interest rate is 12% compounded

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A twenty year annuity pays $1000 per month, and payments are made at the end of each month. If the interest rate is 12% compounded monthly for the first ten years, and 24% compounded monthly thereafter, what is the present value of the annuity (approximately)? a) $98,146 $83,443** $94,662 $92,543 $55,958

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