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An insurance agent is trying to sell you an annuity, that will provide you with $11,000 at the end of each year for the next
An insurance agent is trying to sell you an annuity, that will provide you with $11,000 at the end of each year for the next 35 years. If you don't purchase this annuity, you can invest your money and earn a return of 7%. What is the most you would pay for this annuity right now?
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