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Today, you purchased an Annuity which will pay $10,000 per year for 20 years from the start of the Annuity. However, the first payment is

Today, you purchased an Annuity which will pay $10,000 per year for 20 years from the start of the Annuity. However, the first payment is not made until 6 years from today. The current discount rate on Annuities is 9%.

How much did you pay for the Annuity?

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