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How much will an annuity cost you today if you need $ 5 0 , 0 0 0 at the BEGINNING of each year for

How much will an annuity cost you today if you need $

50, 000

at the BEGINNING of each year for

20

years and you can earn

6.5 %

annually?

How much money will an annuity cost if you need $

4, 000

at the BEGINNING of each month for

15

years and you can earn

7.2 %

annual interest?

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