A 15-year annuity pays 2200 per month and payments are made, Ask an Expert

Economics

A 15-year annuity pays $2,200 per month, and payments are made at the end of each month. If the interest rate is 10 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present value of the annuity?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725301

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