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Suppose your client wishes to purchase an annuity that pays $70,000 each year for 7 years, with the first payment I years from now. At

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Suppose your client wishes to purchase an annuity that pays $70,000 each year for 7 years, with the first payment I years from now. At an interest rate of 11%, how much would the client need to invest now? Please round your answer to the nearest hundredth

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