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10. An annuity investment will pay you $65,000 per year for the next ten years (at the end of each year, with the first payment
10. An annuity investment will pay you $65,000 per year for the next ten years (at the end of each year, with the first payment one year from today). The insurance company selling the annuity is asking $500,000 today. If you are confident you can earn 7% per year on investments for the next ten years, should you buy the annuity? (10 points)
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