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Jessica is about to retire, and she wants to buy an annuty that will provide her with $65,000 of income a year for 25 years,

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Jessica is about to retire, and she wants to buy an annuty that will provide her with $65,000 of income a year for 25 years, with the first payment coming IMMEDIATELY. The going rate on such annuities is 6.25% How much would it cost her to buy the annuity today? $739,281.38 $778,190.93 $862,261.42 $819,14835

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