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American General offers a 13 year annuity with a guaranteed rate of 6.51% compounded annually. How much should you pay for one of these annuities

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American General offers a 13 year annuity with a guaranteed rate of 6.51% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $900 annually over the 13 year period? How much should a customer pay for this annuity? (Round to the nearest cent. )

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