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How much would you be willing to pay today for an annuity that promises to pay $9,635 per year for 10 years, beginning exactly one
How much would you be willing to pay today for an annuity that promises to pay $9,635 per year for 10 years, beginning exactly one year from today. Your relevant interest rate is 10 percent. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
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