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1. An annuity will pay $1,000 at the end of each year for 5 years. Alternatively, you can earn 5% on your money in other

1. An annuity will pay $1,000 at the end of each year for 5 years. Alternatively, you can earn 5% on your money in other investments with similar risk. What is the most you should pay for the annuity ...

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