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Need help with this question. 5. You buy an annuity that will pay you $24,000 a year for 25 years. The payments are paid on

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5. You buy an annuity that will pay you $24,000 a year for 25 years. The payments are paid on the first day of each year. What is the value of this annuity today if the discount rate is 8.5 percent

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