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  3. 2. a 5-year annuity of $350 monthly payments begin

2. A 5-year annuity of $350 monthly payments begins in 10 years (the first payment is...

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Finance

2. A 5-year annuity of $350 monthly payments begins in 10 years(the first payment is at the end of the first month of year 10, soit's an ordinary annuity). The appropriate discount rate is 12%,compounded monthly. What is the value of the annuity today?

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2. A 5-year annuity of $350 monthly payments begins in 10 years(the first payment is at the end of the first month of year 10, soit's an ordinary annuity). The appropriate discount rate is 12%,compounded monthly. What is the value of the annuity today?

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