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An annuity with payments at the end of each month pays $400 for 1 year, then $600 for the next 2 years, and then $500

An annuity with payments at the end of each month pays $400 for 1 year, then $600 for the next 2 years, and then $500 for the following 2 years. Find the discounted value of these payments at the annual rate of 9%, compounded monthly. (20 points)

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