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Posted on Sep 20, 2024

Suppose that you will receive annual payments of $ 2 5 , 1 5 0 for a period of 1 5 years. The first payment

Suppose that you will receive annual payments of $

25, 150

for a period of

15

years. The first payment will be made

7

years from now. If the interest rate is

6.00 %,

what is the value of the annuity in year

6,

what is the current value of this stream of cash flows?

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