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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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