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18 You just purchased a twelve year annuity. This investment earns 5.67% interest compounded annually and will pay you $28,000 in one year. Calculate the

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18 You just purchased a twelve year annuity. This investment earns 5.67% interest compounded annually and will pay you $28,000 in one year. Calculate the present value of this investment assuming the payments grow by 2.3% per year. A) $159,122 B $248,168 $267,722 $282,902

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