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U out of 10 points Linda buys a 30-year annuity-immediate with monthly payments that earns 5.4% convertible monthly. The present value of the annuity is

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U out of 10 points Linda buys a 30-year annuity-immediate with monthly payments that earns 5.4% convertible monthly. The present value of the annuity is 10,000. At the end of 15 years the interest rate is increased to 7.2% convertible monthly. What will be her new monthly payments be? n 4

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