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Question 3 Points: 0 of 1 Save American General offers a 18-year annuity with a guaranteed rate of 8.51% compounded annually. How much should you

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Points: 0 of 1 Save American General offers a 18-year annuity with a guaranteed rate of 8.51% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $1200 annually over the 18 year period? How much should a customer pay for this annuity? $(Round to the nearest cent.)

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