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Show me the steps to solve Atlas Insurance wants to sell you an annuity which will pay you $ 6 0 0 per quarter for

Show me the steps to solve

Atlas Insurance wants to sell you an annuity which will pay you $

600

per quarter for

25

years. You want to earn a minimum rate of return of

6.0

percent compounded quarterly. What is the most you are willing to pay as a lump sum today to buy this annuity?

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