The annuitys first payment occurs six years from today the, Financial Management

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The annuitys first payment occurs six years from today the

What is the value today of a 15-year annuity that pays $720 per 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.

(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Financial Management: The annuitys first payment occurs six years from today the

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