What is the value today of a 15-year annuity that pays $720 a year? The annuitys first
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Question:
What is the value today of a 15-year annuity that pays $720 a year? The annuitys first payment occurs six years from today. The annual interest rate is 12 percent for Years 1 through 5, and 14 percent thereafter. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))
Present value | $ |
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