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An annuity pays $2122 per month, and payments are made at the end of each month. If the interest rate is 12 per cent compounded
An annuity pays $2122 per month, and payments are made at the end of each month. If the interest rate is 12 per cent compounded monthly for the first 9 years and 8 per cent compounded monthly for the next 8 years, what is the present value of the annuity? [please do not enter the dollar symbol ($)]
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