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A beneficiary of an insurance policy has been awarded a monthly annuity of $9,000 per month to be paid over the next 20 years. Using
A beneficiary of an insurance policy has been awarded a monthly annuity of $9,000 per month to be paid over the next 20 years. Using a rate of 9%, what is the present value of the annuity? $1,118,537 $1,000,305 $1,694,301 $908,194 none of these
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