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What is the value of a 30 year annuity that pays 2500 a year? The annuity's first payment will be received on year 11. Also
What is the value of a 30 year annuity that pays 2500 a year? The annuity's 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.
a. 23,321.91
b. 24,045. 21
c. 23,593.38
d. 25, 962.69
e. 27,001.20
Please show work so i know how to do it
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