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For tax reasons, your client wishes to purchase an annuity that pays $100,000 each year for 6 years, with the first payment in one year.
For tax reasons, your client wishes to purchase an annuity that pays $100,000 each year for 6 years, with the first payment in one year. At an interest rate of 7% and focusing on time value of money without consideration of any fees, how much would the client need to invest now?
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