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You are now having a chance to invest in an annuity due today. This annuity will pay $30,000 each year for 30 years. The payments

You are now having a chance to invest in an annuity due today. This annuity will pay $30,000 each year for 30 years. The payments start today, and the interest rate is 6%. How much are you willing to pay to purchase this annuity at maximum?

Select one:

a. $310,628

b. $413,045

c. $412,945

d. $900,000

e. $437,722

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