Consider an annuity-immediate with block payments:
$7
for the first 9 years and
$11
for the next 6 years. Determine which one of the statements below doesn't give the PV of this annuity. .

Question

Consider an annuity-immediate with block payments:

$7

for the first 9 years and

$11

for the next 6 years. Determine which one of the statements below doesn't give the PV of this annuity. .

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