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o American General offers a 18-year annuity with a guaranteed rate of 4.88% compounded annually. How much should you pay for one of these annuities

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o American General offers a 18-year annuity with a guaranteed rate of 4.88% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $800 annually over the 18 year period? How much should a customer pay for this annuity? $9439,96 (Round to the nearest cont.)

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