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( 9 ) An equities firm is offering a ten year ordinary annuity with a guaranteed rate of 5 . 1 2 % interest compounded

(9) An equities firm is offering a ten year ordinary annuity with a guaranteed rate of 5.12% interest compounded annually. How much should you pay for one of these annuities if you want to receive a $2000 annual payment from the account over the ten year period?
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