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Suppose your client wishes to purchase an annuity that pays $ 1 2 0 , 0 0 0 each year for 1 0 years, with

Suppose your client wishes to purchase an annuity that pays $120,000 each year for 10 years, with the first payment 6 years from now. At an interest rate of 6%, how much would the client need to invest now?
Please round your answer to the nearest hundredth.

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