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Compute the present value of an annuity investment: Robben Company is considering investing in an annuity contract that will return $40,000 annually at the end

Compute the present value of an annuity investment: Robben Company is considering investing in an annuity contract that will return $40,000 annually at the end of each year for 15 years. What amount should Robben company pay for this investment if it earns an 8% return

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