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Question 20 (5 points) Assume that you own an annuity that will pay you $15,000 per year for 13 years, with the first payment being

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Question 20 (5 points) Assume that you own an annuity that will pay you $15,000 per year for 13 years, with the first payment being made today. You need money today to start a new business, and your uncle offers to give you $120,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment? A) 10.97% B) 7.78% OC) 11.07% D) 8.25% OE) 9.45%

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