Question: Annuity Present Values What is the value today of a 15-year annuity that pays $ 650 a year? The annuitys first payment occurs six years

Annuity Present Values What is the value today of a 15-year annuity that pays $ 650 a year? The annuity’s first payment occurs six years from today. The annual interest rate is 11 percent for Years 1 through 5, and 13 percent thereafter.

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