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To obtain an annuity at the start of the semi-annual period of $21,000 for 8 years and 6 months if the insurance company offers a

To obtain an annuity at the start of the semi-annual period of $21,000 for 8 years and 6 months if the insurance company offers a return of 1 5/9% capitalized annually, what amount must an investor have on hand? Question 1 Please choose an answer. has. $335,864 b. $331,996 c. $333,282 d. $380,009

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