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Posted on Jul 31, 2024

You buy an annuity that will pay you $ 9 , 4 0 0 on the first day of each quarter for the next 3

You buy an annuity that will pay you $

9, 400

on the first day of each quarter for the next

33

years. What is the value of this annuity today if the discount rate is

8.2

percent?

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