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Suppose that you will receive annual payments of $25,500 for a period of 26 years. The first payment will be made 10 years from now.

image text in transcribed Suppose that you will receive annual payments of $25,500 for a period of 26 years. The first payment will be made 10 years from now. If the interest rate is 10.50%, what is the value of the annuity in year 9 , what is the current value of this stream of cash flows? (Do not round Intermedlate colculatlons. Round your answer to 2 declmol places.)

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