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Find the present value of the following deferred annuity due. Periodic Payment Made At: Payment Period Period of Deferment Term Interest Rate Conversion Period $800
Find the present value of the following deferred annuity due.
Periodic Payment | Made At: | Payment Period | Period of Deferment | Term | Interest Rate | Conversion Period |
$800 | beginning | 1 year | 10 years | 5 years | 5% | monthly |
The present value of the deferred annuity due is $___.
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