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Today, you are purchasing a 15-year, 6.5 percent annuity at a cost of $36,500. The...

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Accounting

Today, you are purchasing a 15-year, 6.5 percent annuity at a cost of $36,500. The annuity will pay annual payments starting one year from today. What is the amount of each payment?

Question 4 options: $2,420.91 $4,177.59 $3,679.71 $4,874.70 $3,881.88

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