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Value of a retirement annuity. An insurance agent is trying to sell you an annuity, that will provide you with $14,600 at the end of

Value of a retirement annuity. An insurance agent is trying to sell you an annuity, that will provide you with $14,600 at the end of each year for the next 20 years. If you don't purchase this annuity, you can invest your money and earn a return of 5%. What is the most you would pay for this annuity right now?

Ignoring taxes, the most you would pay for this annuity is?

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