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What is the value of a 20-year annuity that pays $1,500 per year. The annuitys first payment occurs 5 years from today. The interest rate

What is the value of a 20-year annuity that pays $1,500 per year. The annuitys first payment occurs 5 years from today. The interest rate is 4% for years 1 through 4 and 6% thereafter.

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