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Charlie wants to retire in 15years and he wants to have an annuity of $50000 a year for 20years after retirement. Charlie wants to receive

Charlie wants to retire in 15years and he wants to have an annuity of $50000 a year for 20years after retirement. Charlie wants to receive the first annuity payment the day he retires. using an interest rate of 8%. how much must Charlie invest in order to have his retirement annuity. (round to the nearest 10.) show your work

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