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Question 9 ( 1 point ) Silva is contemplating to buy a 2 0 year annuity paying $ 2 5 0 0 at the end

Question 9(1 point)
Silva is contemplating to buy a 20 year annuity paying $2500 at the end of each month. What amount will be required to purchase the annuity, if the annuity provides a return of 6.75% compounded annually?
a $334000
b $47246
c $600000
d $37037
e $567436
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