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Homework Answered - Due Today, 11:59 PM A fifteen-year annuity-immediate has payments of $500 per year. The rate of interest is 3.5% for the first
Homework Answered - Due Today, 11:59 PM A fifteen-year annuity-immediate has payments of $500 per year. The rate of interest is 3.5% for the first nine years and 5% thereafter. What is the present value of this annuity? (use a decimal number, rounded to the nearest 100th, without \$ sign. For example, 1234.56) Type your numeric answer and submit
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