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An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with
An uncle of yours who is about to retire wants to sell some of his stock and buy an annuity that will provide him with an income of $50,000 per year for 25 years, beginning today. The going rate on such annuities is 4.25%. How much would it cost him to buy such an annuity today? (PLEASE USE MICROSOFT EXCEL TO SOLVE PROBLEM)
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