What is the value today of a 15-year annuity that pays 640, Financial Management

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What is the value today of a 15-year annuity that pays 640

What is the value today of a 15-year annuity that pays $640 a year? The annuity’s first payment occurs six years from today. The annual interest rate is 10 percent for Years 1 through 5, and 12 percent thereafter. (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) What is the present value?

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Financial Management: What is the value today of a 15-year annuity that pays 640

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