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 percent for years 1 through 5, and 15 percent thereafter.
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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 percent for years 1 through 5, and 15 percent thereafter.