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If you want to be paid from a 1212 year ordinary annuity with a guaranteed rate of 3.894%3.894% compounded annually, how much should you pay

If you want to be paid from a 1212 year ordinary annuity with a guaranteed rate of 3.894%3.894% compounded annually, how much should you pay for one of these annuities if you want to receive annual payments of $9,000.00$9,000.00 over the 1212 year period?

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