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16 How much would you be willing to pay today for an annuity that promises to pay $9,886 per year for 15 years, beginning exactly

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How much would you be willing to pay today for an annuity that promises to pay $9,886 per year for 15 years, beginning exactly one year from today. Your relevant interest rate is 6 percent. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR

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