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An insurance company is offering a deferred annuity that promises to pay 10% per annum with equal annual payments beginning at the end of

An insurance company is offering a deferred annuity that promises to pay 10% per annum with equal annual payments beginning at the end of 10 years and continuing for a total of 10 payments. For an initial investment of $100,000, what will be the amount of the annual payments? 012345678910 11 12 13 14 15 16 17 18 19 $100,000 ? ? ? ? ?? ? ???

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