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Find the present value of an annuity immediate that pays 400 semiannually for 6 years. During the first 3 years, the nominal interest rate convertible
Find the present value of an annuity immediate that pays 400 semiannually for 6 years. During the first 3 years, the nominal interest rate convertible twice per year is 0.1. Over the last years the effective annual rate is 0.08.
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