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Today, you are purchasing a 10-year, 4.8 percent annuity at a cost of $50,000. The annuity will pay annual payments starting one year from today.

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Today, you are purchasing a 10-year, 4.8 percent annuity at a cost of $50,000. The annuity will pay annual payments starting one year from today. What is the amount of each payment? Multiple Choice O $13,619.19 $6,874.70 $13,189.57 O $6,679.71 O $6,412,49

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