Find the value today of a 15-year annuity

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Reference no: EM132045779

What is the value today of a 15-year annuity that pays $560 a 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 final answer to 2 decimal places. (e.g., 32.16))

Reference no: EM132045779

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