see a security that offers 46 equal payments, t your favorite annuity store, Annuities-R-Us, you...
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see a security that offers 46 equal payments, t your favorite annuity store, Annuities-R-Us, you with the frst payment of $600 occurring today, and all other payments of $600 paid in succeeding -month intervals, payments will herefore be at months 0,7, 14, 21 .. .294, 301, 308, and 315. Nou determine that the correct discount/compounding rate is a nominal annual rate o 5.0 percent, with monthly compounding, Given this information, determine the value of this annuity at Month O$39.014 O $48,877 O $57,184 $67.259 $74,982
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