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I am also considering a purchase of an annuity on January 1, Year 1, that pays $5,000 at the beginning of every month, but the

I am also considering a purchase of an annuity on January 1, Year 1, that pays $5,000 at the beginning of every month, but the first payment will not start until January 1, Year 3, and the last payment is received on December 1, Year 9.

Can you tell me what I should pay for this annuity if the interest rate quoted for this investment is 6%?

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