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What is the value today of a 15-year annuity that pays $750 a year? The annuitys first payment occurs 6 years from today. The discount

What is the value today of a 15-year annuity that pays $750 a year? The annuitys first payment occurs 6 years from today. The discount rate is 8 percent for Years 1 through 5 and 11 percent thereafter.

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