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What is the value of a annuity

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Reference no: EM132829702

Question - What is the value of a 30-year annuity that pays $1250 a year? The annuity's first payment will be received on year 11. Also, assume that the annual interest rate is 6 percent for years 1 through 10 and 7 percent hereafter.

a. $14,271.67

b. $15,511.30

c. $12,733.15

d. $9,969.81

e. $8,661.43

Reference no: EM132829702

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