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rjrox
Apr 11, 2010, 05:41 PM
What is the value today of a 15 year annuity that pays $750 a year? The annuity's first payment occurs six years from today.the annual interest rate is 12% for years 1 through 5 and 15% thereafter.

ebaines
Apr 13, 2010, 07:26 AM
This is clearly a homework problem. Please do noit expect us to give you the answer - you should try to do this problem yourself, then let us know what you think the answer is and someone here will be happy to check it for you.