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Hello, Im am confused on how to go about this problem and what formula to use with a calculator Your uncle is about to retire,

Hello,

Im am confused on how to go about this problem and what formula to use with a calculator

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years, with the first payment coming immediately.The going rate on such annuities is 5.25%.How much will it cost him to buy the annuity today?

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