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You have a chance to buy an annuity that pays $15,000 at the end of each year with the number of years = 7 You
You have a chance to buy an annuity that pays $15,000 at the end of each year with the number of years = 7
You could earn 5.5% on your money in other investments with equal risk.
What is the most you should pay for the annuity? Round to the nearest penny
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