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An ordinary annuity pays 200 per month for 2 years, then 300 per month for the next year, and then 100 per month for the

An ordinary annuity pays 200 per month for 2 years, then 300 per month for the next year, and then 100 per month for the following two years. Find the present value of the annuity at a rate of 6% compounded monthly.






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