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American General offers a 17 year annuity with a guaranteed rate of 8.23% compounded annually. How much should you pay for one of these annuities

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American General offers a 17 year annuity with a guaranteed rate of 8.23% compounded annually. How much should you pay for one of these annuities if you want to receive payments of S1000 annually over the 17 year period? How much should a customer pay for this annuity? $ (Round to the nearest cent.)

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