If the interest rate is 12 compounded monthly for the first
A 10-yr annuity pays $1400 per month, and paymets are made at the end of each month. If the interest rate is 12% compounded monthly for the first 5 yrs, and 8% compounded monthly thereafter, what is the present value of the annuity?
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a 10-yr annuity pays 1400 per month and paymets are made at the end of each month if the interest rate is 12 compounded
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