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You have a chance to buy an annuity that pays $ 1 , 0 0 0 at the end of each year for 5 years.
You have a chance to buy an annuity that pays $ at the end
of each year for years. You could earn on your money in other
investments with equal risk. What is the most you should pay for
the annuity?a $b $c $d $e $
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