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3. How much will an annuity cost you today if you need $50,000 at the BEGINNING of each year for 20 years and you

3. How much will an annuity cost you today if you need $50,000 at the BEGINNING of each year for 20 years and you can earn 6.5% annually? 4. How much money will an annuity cost if you need $4,000 at the BEGINNING of each month for 15 years and you can earn 7.2% annual interest?

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