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A 13-payment annual annuity has its first payment in five years. If the payment amount is $1,100 and the interest rate is 6 percent, what
A 13-payment annual annuity has its first payment in five years. If the payment amount is $1,100 and the interest rate is 6 percent, what is the most you should be willing to pay today for this investment?
$7,276.76 $7,713.37 $8,900.12 $9,737.95 $11,910.36
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