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Find the value of the annuity

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Question - An annuity consists of 36 monthly payments of $100 at the beginning of each month. The interest rate until the time of the 19th payment is j1 = 6% and j4 = 10% thereafter. Find the value of the annuity (that is, of all the 36 payments) at the time of the 14th payment?

Reference no: EM132609808

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