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Question 3 Assume the effective annual interest rate is 11%. The present value of an annual annuity consisting of 17 payments starting one year from

Question 3 Assume the effective annual interest rate is 11%. The present value of an annual annuity consisting of 17 payments starting one year from today where the first 6 payments are $25,000 each and the remaining payments are $30,000 each is

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