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Multiple choice: 53,925, 53,750, 54,175, 54,350 Question 13 O out of 10 points Joey Ryder receives an inheritance of X, which he uses to buy

image text in transcribedMultiple choice: 53,925, 53,750, 54,175, 54,350

Question 13 O out of 10 points Joey Ryder receives an inheritance of X, which he uses to buy a 30-year annuity immediate. The annuity will have monthly payments of 100 for the first 10 years, 300 for the next 10 years and 1.000 for the final 10 years. The annuity's price is based on an interest rate of 5.79 convertible monthly Find X

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