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How to calculate by formula Assume that you own an annuity that will pay you $15,000 per year for 12 years with the first payment

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Assume that you own an annuity that will pay you $15,000 per year for 12 years with the first payment being made today. Your uncle offers to give you $120,000 for the annuity. If you sell it, What rate of return would your uncle e3arn on his investment

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