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Suppose that you will receive annual payments of $ 2 6 , 9 0 0 for a period of 1 6 years. The first payment

Suppose that you will receive annual payments of $26,900 for a period of 16 years. The first payment will be made 7 years from now. If the interest rate is 5.50%, 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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