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What would be the amount of your initial investment

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Reference no: EM133177683

Question - You want to invest in an annuity that will pay you $11,400 per year for the first 8 years and $1,000 per month for the last 6 years. If the annuity earns 3.25% compounded annually for the first 8 years and 5.1% compounded monthly for the remaining 6 years, what would be the amount of your initial investment?

Reference no: EM133177683

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