Question: (1 point) Suppose that an annuity will provide for 20 annual payments of 1500 dollars, with the first payment coming 9 years from now. If

(1 point) Suppose that an annuity will provide for 20 annual

(1 point) Suppose that an annuity will provide for 20 annual payments of 1500 dollars, with the first payment coming 9 years from now. If the nominal rate of interest is 10 percent convertible monthly, what is the present value of the annuity? Answer = dollars

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