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You have been offered an annuity of $55 a year for 10 years and a lump sum of $750 after 10 years. The discount rate

You have been offered an annuity of $55 a year for 10 years and a lump sum of $750 after 10 years. The discount rate is 3%. What is the most you would pay for the annuity? $1,107.19 $885.13 $1,027.23 $861.18

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