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please show steps and formulas. Thank you. A 15-year annuity pays $2,050 per month, and payments are made at the end of each month. If

image text in transcribed please show steps and formulas. Thank you.

A 15-year annuity pays $2,050 per month, and payments are made at the end of each month. If the APR is 10 percent compounded monthly for the first seven years, and APR of 6 percent compounded monthly thereafter, what is the value of the annuity today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Present value $ 279,480.37 X

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