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American General offers a 17-year annuity with a guaranteed rate of 7.30% compounded semi-annually. How much should you pay for one of these annuities if

American General offers a 17-year annuity with a guaranteed rate of 7.30% compounded semi-annually. How much should you pay for one of these annuities if you want to receive payments of $800 semi-annually over the 17 year period

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