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An individual is considering buying an ANNUITY that will generate a MONTHLYNet Cash Flow of $ 5 5 0 for the next 1 5 YEARS.

An individual is considering buying an ANNUITY that will generate a MONTHLYNet Cash Flow of $550 for the next 15 YEARS.
If his required rate of return is 6% annually, how much should he be willing to pay for the annuity TODAY? (Round answer to the nearest Dollar)
Use commas and a dollar sign

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