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You have a chance to buy an annuity that pays $1200 at thebeginning of each year for 8 yrs. You could earn 5% on your

You have a chance to buy an annuity that pays $1200 at thebeginning of each year for 8 yrs. You could earn 5% on your moneyin other investments with equal risk. What is the most you shouldpay for t 2 answers

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