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.If your company purchases an annuity that will pay $50,000/year for 10 years ata 11% discount rate, what is the value of the annuity on

.If your company purchases an annuity that will pay $50,000/year for 10 years ata 11% discount rate, what is the value of the annuity on the purchase date if the first annuity payment is made on the date of purchase?

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