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Valuing Delayed Annuities Suppose that you will receive annual payments of $13,100 for a period of 15 years. The first payment will be made 11
Valuing Delayed Annuities Suppose that you will receive annual payments of $13,100 for a period of 15 years. The first payment will be made 11 years from now. If the interest rate is 11.50%, what is the value of the annuity in year 10, what is the current value of this stream of cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Value of the Security in Year 10 Value of the Security today $
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