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An insurance company offers you an end of year annuity of $45,000 per year for the next 12 years. They claim your return on the

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An insurance company offers you an end of year annuity of $45,000 per year for the next 12 years. They claim your return on the annuity is 12 percent. What should you be willing to pay today for this annuity? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR Your

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