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Elvira is considering buying a 20-year ordinary annuity to provide her with retirement income. The annuity will make annual payments of $25,000. if her opportunity

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Elvira is considering buying a 20-year ordinary annuity to provide her with retirement income. The annuity will make annual payments of $25,000. if her opportunity cost is 7%. what is the maximum she should pay for the annuity? $1,096,629.42$1,024,887.31$283,389.88$264,850.36

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