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What is the value of a 20-year annuity that pays $1,200 per month. The annuitys first payment occurs 4 years from today. The interest rate

What is the value of a 20-year annuity that pays $1,200 per month. The annuitys first payment occurs 4 years from today. The interest rate is 4% for years 1 through 4 and 3% thereafter.

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