Question: answer quick for 5 stars Suppose that an annuity will provide for 20 annual payments of 1340 dollars, with the first payment coming 7 years

answer quick for 5 stars

Suppose that an annuity will provide for 20 annual payments of 1340 dollars, with the first payment coming 7 years from now. If the nominal rate of interest is 10.6 percent convertible monthly, what is the present value of the annuity? Answer = dollars

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