Question: 25. PRESENT VALUE OF AN ANNUITY Estimate the present value of an annuity if payments are $1200 monthly for 15 years and the account earns

25. PRESENT VALUE OF AN ANNUITY Estimate the present value of

25. PRESENT VALUE OF AN ANNUITY Estimate the present value of an annuity if payments are $1200 monthly for 15 years and the account earns interest at the rate of 6%/year com- pounded continuously

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