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The Good Life Insurance Co. wants to sell you an annuity which will pay you $754 per quarter for 20 years. You want to earn
The Good Life Insurance Co. wants to sell you an annuity which will pay you $754 per quarter for 20 years. You want to earn a minimum rate of return of 9.54 percent APR. What is the most you are willing to pay as a lump sum today to buy this annuity?
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