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You are the owner of a level annuity that pays $46,129 per year, for 9 years, starting next year. You would like to sell this
You are the owner of a level annuity that pays $46,129 per year, for 9 years, starting next year. You would like to sell this annuity today. If the interest rate is 4.91%, how much can you sell the annuity for?
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