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American General offers a 19-year annuity with a guaranteed rate of 5.41% compounded annually. How much should you pay for one of these annuities

American General offers a 19-year annuity with a guaranteed rate of 5.41% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $2300 annually over the 19 year period? How much should a customer pay for this annuity? $ 26.890 44 (Round to the nearest cent)

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