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Pam wants to retire in 30 years, and she wants to have an annuity of $1,000 a year for 20 years after retirement. She wants
Pam wants to retire in 30 years, and she wants to have an annuity of $1,000 a year for 20 years after retirement. She wants to receive the first annuity payment at the end of the 30th year. Using an interest rate of 10%, how much mush she invest today in order to have this retirement annuity. (round to nearest $10.)
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