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QUESTION 3 Sue just purchased an annuity that will pay $24,000 a year for 25 years, starting today. What was the purchase price if the

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QUESTION 3 Sue just purchased an annuity that will pay $24,000 a year for 25 years, starting today. What was the purchase price if the discount rate is 8.5 percent? O $258,319 O $241,309 O $266,498 O $245,621 O $251,409

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