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2. You are set to receive an annual payment of $10,000 per year from an annuity for the next 13 years. Assume the interest rate

2. You are set to receive an annual payment of $10,000 per year from an annuity for the next 13 years. Assume the interest rate is 5.6 percent. How much is the annuity worth today if the payments are received at the end of the year?

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