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For tax reasons, your client wishes to purchase an annuity that pays $ 1 1 0 , 0 0 0 each year for 8 years,
For tax reasons, your client wishes to purchase an annuity that pays $ each year for years, with the first payment in one year. At an interest rate of 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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