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an insurance agent is trying to sell you an immediate retirement annuity which for a single amount paid today will provide you with 13,000 at
an insurance agent is trying to sell you an immediate retirement annuity which for a single amount paid today will provide you with 13,000 at the end of each year for the next 35 years. You currently earn 4% on low risk investments comparable to the retirement annuity. Ignoring taxes, what is the most you would pay for this annuity?
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