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Melisandre has an annuity paying $2,000.00 at the start of each six months for 12 years. The interest rate is P26) = 11.850%. After 8

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Melisandre has an annuity paying $2,000.00 at the start of each six months for 12 years. The interest rate is P26) = 11.850%. After 8 years the interest rate changes to 12.100% (same compounding). What is the present value of this annuity? O a $27.973.02 O b. $25,861.85 Oc. $28,236.91 O d. $26,389.64 O e. $26,653.54 Certainty : OC=1 (Unsure: 67%) OC=3 (Quite sure: >80%)

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