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P5-23 (similar to) : Question Help Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that

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P5-23 (similar to) : Question Help Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $18,500 at the end of each year for the next 30 years. If you don't purchase this annuity, you can invest your money and earn a return of 7%. What is the most you would pay for this annuity right now? Ignoring taxes, the most you would pay for this annuity is $ (Round to the nearest cent.)

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