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The Good Life Insurance Co. wants to sell you an annuity which will pay you $670 per quarter for 25 years. You want to earn

The Good Life Insurance Co. wants to sell you an annuity which will pay you $670 per quarter for 25 years. You want to earn a minimum rate of return of 5.2 percent. What is the most you are willing to pay as a lump sum today to buy this annuity? $37,026.10 $35,968.47 $38,283.75 $37,374.43 $37,214.36

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