Calculate the present value of this annuity on January

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Question - A 30-year annuity pays 100 per quarter for the first 10 years, and 200 per quarter for the last 20 years. The first payment is scheduled for July 1, 2022. The nominal annual interest rate, convertible quarterly, is 8%. Calculate the present value of this annuity on January 1, 2022.

Reference no: EM132951164

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