Skipped eBook Problem 4-29 Annuity Present Values What is the value today of a 15-year annuity that pays $640 per year? The annuity's first payment occurs six years from today. The discount interest rate is 10 percent for Years through 5 and 12 percent thereafter. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) References Present value

What is the value today of a 15 -year annuity that pays $640 per year? the annily s. finst through 5 and 12 percent thereafter. (Do not round intermediate calchlations and round your answer to 2 decimal pleces, e.g., 32.16.)