Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell...
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Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $13.200 at the end of each your for the next 20 years. If you don't purchase this annuity, you can invest your money and earn a return of 8%. What is the most you would pay for this annuity right now? Ignoring taxes, the most you would pay for this annuity is $(Round to the nearest cent.)
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