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Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will pay you with $5,700 at

Value of a retirement annuity Personal Finance Problem

An insurance agent is trying to sell you an annuity, that will pay you with $5,700 at the end of each year for the next 30 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.

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