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Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $ 1

Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $ $16, 900$ 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 $3 % .$ What is the present value of the annuity?

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