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A recent retiree wants to purchase an annuity that will pay her 44422 per year for the next 7 years. If the constant, annual effective

A recent retiree wants to purchase an annuity that will pay her 44422 per year for the next 7 years. If the constant, annual effective interest rate is 5%. How much should she be willing to pay today for the annuity? Answer to the nearest pound.

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