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F4 What is the value today of a 15-year annuity that pays $630 a year? The annuity's first payment occurs six years from today. The

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F4

What is the value today of a 15-year annuity that pays $630 a year? The annuity's first payment occurs six years from today. The annual interest rate is 11 percent for Years 1 through 5, and 13 percent thereafter

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