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You just inherited some money, and a broker offers to sell you an annuity that pays $16,800 at the end of each year for 20

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You just inherited some money, and a broker offers to sell you an annuity that pays $16,800 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity? a. $255,425.46 b. $209,365.13 c. $244,957.21 d. $180,054.02 e. $236,582.60

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