Question: please correct answer. Homework #3-Discounted Cash Flow (Chapter Saved 3 A 20-year annuity pays $2,250 per month, and payments are made at the end of

please correct answer. Homework #3-Discounted Cash Flow (Chapter Saved 3 A

please correct answer.

Homework #3-Discounted Cash Flow (Chapter Saved 3 A 20-year annuity pays $2,250 per month, and payments are made at the end of each month. If the interest rate is 11 percent compounded monthly for the first ten years, and 7 percent compounded monthly thereafter, what is the present value of the annuity? (Do not round intermediate calculations and round your answer to 2 decimal places,e.g. 32.16.) 0.5 polnts Skipped Present value eBook References

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