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American General offers a 10 year annuity with a guaranteed rate of 6.81% compounded annually. How much should you pay for one of these annuities

American General offers a 10 year annuity with a guaranteed rate of 6.81% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $2300 nnually over the 10 year period

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