The annuity first payment occurs six years from today

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Reference no: EM131931997

What is the value today of a 15-year annuity that pays $740 per year? The annuity’s first payment occurs six years from today. The annual interest rate is 11 percent for Years 1 through 5, and 13 percent thereafter. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM131931997

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