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A retiree wants to purchase an annuity that will provide her with end - of - year payments for the next 3 0 years. She
A retiree wants to purchase an annuity that will provide her with endofyear payments for the next years. She wants the first annual payment to be $ and for the payments to grow by each year thereafter. If she can earn compounded annually on her investments, what is the purchase price of the annuity today? Round your final answer to decimal places.
Purchase price
$
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