A 1 8 - year annuity pays $ 1 , 2 0 0 per month, and payments

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Question:

18 -

year annuity pays $

1, 200

per month, and payments are made at the end of each month. The interest rate is

12

percent compounded monthly for the first five years and

10

percent compounded monthly thereafter.

What is the present value of the annuity?

Posted Date: May 18, 2024 08:15 PM

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A 1 8 - year annuity pays $ 1 , 2 0 0 per month, and payments

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