Question: 8 - year annuity pays $ 5 0 0 per year, with payments made at the end of each year. The first $ 5 0

8-year annuity pays $500 per year, with payments made at the end of each year. The first $500 will be paid 2 years from now. If the APR is 8% and interest is compounded monthly, what is the present value of this annuity?
please correct answer
8-year annuity pays $500 per year, with payments made at the

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