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An annuity pays a fixed amount per year and earns a guaranteed annual return of 9 percent. It will provide 20 payments of $30,000 per

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An annuity pays a fixed amount per year and earns a guaranteed annual return of 9 percent. It will provide 20 payments of $30,000 per year. The first payment is set to begin in 30 years. The maximum you are willing to pay for this annuity today is S (to the nearest dollar)

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