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What is the value today of a 15-year annuity that pays $670 a year? The annuitys first payment occurs six years from today. The annual

What is the value today of a 15-year annuity that pays $670 a year? The annuitys first payment occurs six years from today. The annual interest rate is 10 percent for Years 1 through 5, and 12 percent thereafter.

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