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not in excel 2. (3pt) An annuity with monthly payments has 5 payments of 10 followed by two months without payments followed by four more

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not in excel

2. (3pt) An annuity with monthly payments has 5 payments of 10 followed by two months without payments followed by four more months with payments of 10 . Determine the value of the annuity at time 0 , using a nominal rate of 12% compounded monthly

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