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Question 9 3 . 0 3 pts How much would you be willing to pay today for an annuity that promises to pay $ 4

Question

9

3.03

pts

How much would you be willing to pay today for an annuity that promises to pay $

4, 722

per year for

14

years, beginning exactly one year from today. Your relevant interest rate

9

percent. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.

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