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06-10-2022
Business

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computing present value of a deferred annuity j. johnson receives a defined retirement benefit, which commences in 15 years. at that time, johnson is to receive monthly cash payments of $1,500 for 10 years with the first payment scheduled for the end of the initial month of benefit. assume an interest rate of 6%. required what is the value of the deferred annuity as of today? assume annual compounding during the deferral period. round your answer to the nearest whole number. do not use a negative sign with your answer.

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