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What is the value of a 3 0 - year annuity that pays $ 2 5 0 0 a year? The annuity s first payment

What is the value of a 30-year annuity that pays $2500 a year? The annuitys first payment will be
received on year 11. Also, assume that the annual interest rate is 4 percent for years 1 through 10 and 5
percent hereafter. Show full work.

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