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Suppose that you will receive annual payments of $ 1 2 , 5 0 0 for a period of 2 7 years. The first payment
Suppose that you will receive annual payments of $ for a period of years. The first payment will be made years from now. If the interest rate is what is the value of the annuity in year what is the current value of this stream of cash flows? Do not round intermediate calculations. Round your answer to decimal places.
Value of the Security in Year Value of the Security today
$
$
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