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Suppose you just bought a 10-year annuity of $5,200 per year at the current interest rate of 10 percent per year. a. What is the

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Suppose you just bought a 10-year annuity of $5,200 per year at the current interest rate of 10 percent per year. a. What is the value of the investment at the current interest rate of 10 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What happens to the value of your investment if interest rates suddenly drop to 5 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What happens to the value of your investment if interest rates suddenly rise to 15 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Value of investment b. Value of investment c. Value of investment

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