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Question 17 of 41 -/4 View Policies Current Attempt in Progress Cullumber Company is considering investing in an annuity contract that will return $53,000 annually

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Question 17 of 41 -/4 View Policies Current Attempt in Progress Cullumber Company is considering investing in an annuity contract that will return $53,000 annually at the end of each year fors years. What amount should Cullumber pay for this investment if it earns an 7% return? (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to 2 decimal places, eg. 52.75.) Click here to view the factor table. Cullumber pay for investment $ Sove for Attempts: 0 of 1 used Submit Answer o

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