What is the value of the annuity in year

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Reference no: EM13885138

Suppose that you will receive annual payments of $21,400 for a period of 22 years. The first payment will be made 7 years from now.

If the interest rate is 7.50%, What is the value of the annuity in year 6,

What is the current value of this stream of cash flows? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Reference no: EM13885138

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