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If you want to be paid from a 11 year ordinary annuity with a guaranteed rate of 6.618% compounded annually, how much should you pay
If you want to be paid from a 11 year ordinary annuity with a guaranteed rate of 6.618% compounded annually, how much should you pay for one of these annuities if you want to receive annual payments of $8,000.00 over the 11 year period?
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