Saved Help Save & Exit Submit Check my work mode: This shows what is correct or...

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Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 12 6.25 points What is the value today of a 15-year annuity that pays $560 a year? The annuity's first payment occurs six years from today. The annual interest rate is 12 percent for Years 1 through 5, and 14 percent thereafter. Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct. Value today $ 1,657.47 Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 12 6.25 points What is the value today of a 15-year annuity that pays $560 a year? The annuity's first payment occurs six years from today. The annual interest rate is 12 percent for Years 1 through 5, and 14 percent thereafter. Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Answer is complete but not entirely correct. Value today $ 1,657.47