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What is the present value of a deferred annuity

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Question - What is the present value of a deferred annuity with a deferral period of 17 years at 6.7% compounded semi-annually followed by a 10-year annuity due paying $1,250 every month at 4.78% compounded semi-annually? It shows $39,070.09 on the textbook.

Reference no: EM133130537

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