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The Good Life Insurance Co. wants to sell you an annuity which will pay you $640 per quarter for 25 years. You want to earn

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The Good Life Insurance Co. wants to sell you an annuity which will pay you $640 per quarter for 25 years. You want to earn a minimum rate of return of 4.9 percent. What is the most you are willing to pay as a lump sum today to buy this annuity? $35,082.35 $34,165.47 $36,782.91 $34,123.87 $36,444.91

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