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Plz show work and answer A 15-year annuity pays $1,200 per month, and payments are made at the end of each month. The interest rate

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Plz show work and answer

A 15-year annuity pays $1,200 per month, and payments are made at the end of each month. The interest rate is 14 percent compounded monthly for the first five years and 12 percent compounded monthly thereafter. What is the present value of the annuity

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