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Posted on Jul 23, 2024

An annuity pays $ 2 0 0 0 daily for 5 years and then $ 4 1 0 0 daily for the next 9 years.

An annuity pays $

2000

daily for

5

years and then $

4100

daily for the next

9

years. Determine the discounted value if the interest rate is

j_{365} = 7.2 %

Answer: $

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