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Aa A v 21 AaBbCcDdEe AaBbccDdEe AaBbCcDc AaBbCcDdEt Aa Normal No Spacing Heading 1 Heading 2 You have a chance to buy an annuity that

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Aa A v 21 AaBbCcDdEe AaBbccDdEe AaBbCcDc AaBbCcDdEt Aa Normal No Spacing Heading 1 Heading 2 You have a chance to buy an annuity that pays $1,200 at the beginning of each year for 8 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity? The process of going from future value (FV) to present value (PV) is called compounding. - True / False

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