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And insurance agent is trying to sell you an immediate retirement annuity, which for a single amount paid today will provide you with $8000 at

And insurance agent is trying to sell you an immediate retirement annuity, which for a single amount paid today will provide you with $8000 at the end of each year for the next 15 years, you currently earning 9% on low risk investments comparable to the retirement annuity ignore taxes what is the most you would pay for this annuity?

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