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6. You were involved in a law suit. The insurance company offers you an end of year annuity of $12,000 per year for the next

6. You were involved in a law suit. The insurance company offers you an end of year annuity of $12,000 per year for the next 20 years. They claim your return on the annuity is 8 percent. How much is your law suit payment worth today?

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