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Today, your father is buying a 30-year, 6 percent annuity at a cost of $80,000. The annuity will pay annual payments starting one year from

Today, your father is buying a 30-year, 6 percent annuity at a cost of $80,000. The annuity will pay annual payments starting one year from today. What is the amount of each payment?

$13,619.19

$5,811.91

$6,874.70

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