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How much would you be willing to pay today for an ordinary annuity that makes equal annual payments of $3,000 each year. You will receive

How much would you be willing to pay today for an ordinary annuity that makes equal annual payments of $3,000 each year. You will receive your first payment 7 years from today and you will receive your last payment 32 years from today. The interest rate on this annuity is 4.1%

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