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Question 4 (0.5 points) Now that your uncle has decided to retire, he wants to buy an annuity that will provide him with $85,000 of

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Question 4 (0.5 points) Now that your uncle has decided to retire, he wants to buy an annuity that will provide him with $85,000 of income a year for 25 years, with the first payment coming immediately. The going rate on such annuities is 5.15%. How much would it cost him to buy the annuity today? $1,303,008 $1.240.960 $1,063,968 $1,178,912 $1,119.966

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