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QUESTION 23 Today, you are purchasing a 10-year, 7 percent annuity at a cost of $80,000. The annuity will pay annual payments. What is the

QUESTION 23 Today, you are purchasing a 10-year, 7 percent annuity at a cost of $80,000. The annuity will pay annual payments. What is the amount of each payment? $10,122.82 $11,390.20 $12,254.69 $13,387.29

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