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PLEASE SHOW CALCULATIONS USING FINANCIAL CALCULATOR An insurance annuity offers to pay you $1,000 per quarter for 20 years. If you want to earn a

PLEASE SHOW CALCULATIONS USING FINANCIAL CALCULATOR

An insurance annuity offers to pay you $1,000 per quarter for 20 years. If you want to earn a rate of return of 6.5 percent, compounded quarterly, what is the most you are willing to pay as a lump sum today to obtain this annuity? Multiple Choice $32,008.24 $34.208.16 $44,591.11 $43,008.80

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