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A 6-year annuity making quarterly payments of 3250 will make its first payment 11 years and 3 months from today. You would like to purchase
A 6-year annuity making quarterly payments of 3250 will make its first payment 11 years and 3 months from today. You would like to purchase this annuity 2 years from today. If you want to earn an effective annual rate of 7.5% what should you be willing to pay 2 years from now? Enter your answer below to the nearest dollar.
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