A 20-year annuity pays 1300 per month and payments are made, Finance Basics

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A 20-year annuity pays 1300 per month and payments are made

A 20-year annuity pays $1,300 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?

What is the present value?

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Finance Basics: A 20-year annuity pays 1300 per month and payments are made

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Finance Basics: A 20-year annuity pays 1300 per month and payments are made

Reference No:- TGS0602564

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : A lamp r 146 omegacapgif an electric heater r 25

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Finance Basics: A 20-year annuity pays 1300 per month and payments are made

Reference No:- TGS0602564

Recent Questions Asked Finance Basics

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