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LG 3 Personal Finance Problem P5-23 Value of a retirement annuity An insurance agent is trying to sell you an imme. diate-retirement annuity, which for

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LG 3 Personal Finance Problem P5-23 Value of a retirement annuity An insurance agent is trying to sell you an imme. diate-retirement annuity, which for a single amount paid today will provide you with $12,000 at the end of each year for the next 25 years. You currently earn 9% on low-risk investments comparable to the retirement annuity. Ignoring taxes, what is the most you would pay for this annuity? Personal Finance Problem LG 3 P5-24 Funding your retirement You plan to retire in exactly 20 years. Your goal is to

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