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A bank has offered you a 12-year annuity of $30,000 per year with the first payment one year from today. If you require an 8%

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A bank has offered you a 12-year annuity of $30,000 per year with the first payment one year from today. If you require an 8% return, how much are you willing to pay today? a. $564,349 b. $149,029 c. $438,144 d. $226,083

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