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You just inherited some money, and a broker offers to sell you an annuity that pays $115,600 at the end of each year for 18

You just inherited some money, and a broker offers to sell you an annuity that pays $115,600 at the end of each year for 18 years. You could earn 6.15% on your money in other investments with equal risk. What is the most you should pay for the annuity

N = I/YR = PV = PMT = FV =

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