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You are buying an annuity that will pay $1,500 a month for 100 months starting at the end of this month. If you can earn

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You are buying an annuity that will pay $1,500 a month for 100 months starting at the end of this month. If you can earn 8 percent, compounded monthly, what is this annuity worth today? Multiple Choice $109,225.29 $64,647.53 $109,953.46 $118.741.48 Prey 1 of 25 !! Next >

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