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please answer ASAP Present value. County Ranch Insurance Company wants to offer a guaranteed annuity in units of $600, payable at the end of each

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Present value. County Ranch Insurance Company wants to offer a guaranteed annuity in units of $600, payable at the end of each year for 25 years. The company has a strong investment record and can consistently earn 10% on its investments after taxes. If the company wants to make 1% on this contract, what price should it set on it? Use 9% as the discount rate. Assume it is an ordinary annuity and the price is the same thing as present value. What price should the company set on the annuity contract? \$ (Round to the nearest cent)

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