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Erie Insurance offers an annuity due with semiannual payments of $5000 for 25 years at 6 percent annual interest compounded semiannually. How much would you

Erie Insurance offers an annuity due with semiannual payments of $5000 for 25 years at 6 percent annual interest compounded semiannually. How much would you pay for it today? $134,048.83 $132,508.28 $128,893.11 $128,648.82

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