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Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $6,000 at the end of each year

Personal Finance Problem

An insurance agent is trying to sell you an annuity, that will provide you with $6,000 at the end of each year for the next 20 years. If you don't purchase this annuity, you can invest your money and earn a return of 5%.

What is the most you would pay for this annuity right now?

Ignoring taxes, the most you would pay for this annuity is $___?

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