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A 15-year annuity pays $1,475 per month, and payments are made at the end of...

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A 15-year annuity pays $1,475 per month, and payments are made at the end of each month. If the interest rate is 9 percent compounded monthly for the first seven years, and 6 percent compounded monthly thereafter, what is the present value of the annuity? Do not round intermediate calculations and round your answer to 2 decimal places, e.g, 32.16.) Present value

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