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Let your answer 27. You make payments of $970 at the end and of each month for a 7-year annuity. According to your contract you

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Let your answer 27. You make payments of $970 at the end and of each month for a 7-year annuity. According to your contract you should encounter an interest of 4% compounded monthly for the first three years and an interest of 7% compounded monthly for the remaining time. Calculate the present value of the annuity. (12 Points) Solve this Exercise in handwriting and upload the solution on the other Assignment Enter your

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