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10 URGENT JUST GIVE ME ANSWERS I DONT NEED STEP BY STEP SOLUTIONS 10. Your aunt is about to retire, and she wants to sell

10 URGENT JUST GIVE ME ANSWERS I DONT NEED STEP BY STEP SOLUTIONS

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10. Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $53,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost her to buy such an annuity today? a. $756,963.06 b. $493,950.47 c. $647,909.06 d. $641,494.12 e. $519,610.24

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