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Problem 9-40 Deferred annuity [LO9-3) Mark Ventura has just purchased an annuity to begin payment two years from today. The annuity for $21000 per year

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Problem 9-40 Deferred annuity [LO9-3) Mark Ventura has just purchased an annuity to begin payment two years from today. The annuity for $21000 per year and us designed to last 9 years If the interest rate for this problem calculation is 11 percent, what is the most he should have paid for the annuity and ennende for an approximate answer but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Maximum payment

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