Question: Previous Problem Problem List Next Problem (1 point) Suppose that an annuity pays 20 annual payments of $1380, with the first payment coming 12 years

Previous Problem Problem List Next Problem (1 point) Suppose that an annuity pays 20 annual payments of $1380, with the first payment coming 12 years from now. If the annuity earns interest at a rate of 11.8 % compounded monthly, what is the present value of the annuity? Answer: $

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