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Suppose you just bought current interest rate of 11 percent per year. an annuity with 15 annual payments of $6,500 per year at the a.

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Suppose you just bought current interest rate of 11 percent per year. an annuity with 15 annual payments of $6,500 per year at the a. What is the value of your annuity today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What happens to the value of your investment if interest rates suddenly drop to 6 b. percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What if interest rates suddenly rise to 16 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Annual deposit at 11 percent a. b. Annual deposit at 6 percent Annual deposit at 16 percent C

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