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You have a chance to buy an annuity that pays $5,000 at the endof each year for the next 5 years. You could earn 5%

You have a chance to buy an annuity that pays $5,000 at the endof each year for the next 5 years. You could earn 5% on your moneyin other investments with equal risk. What is the most you shouldpay 2 answers

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