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Can you please help me solve this? If possible, using an excel formula so I can use it on the exam? A 20-year annuity pays
Can you please help me solve this? If possible, using an excel formula so I can use it on the exam?
A 20-year annuity pays $2,350 per month at the end of each month. If the discount rate is 13 percent compounded monthly for the first eight yearsand 10 percent compounded monthly thereafter, what is the present value of the annuity?
Thank you!
Autumn
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