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You have a chance to buy an annuity that pays $14,900 at the end of each year for 3 years. You could earn 5.5% on

You have a chance to buy an annuity that pays $14,900 at the end of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?

Group of Answers:

$35,777.29

$47,837.06

$42,611.16

$33,365.34

$40,199.21

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