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You just purchased an annuity due that will pay $24.000 a year for 25 years, starting today. What was the purchase price if the discount

You just purchased an annuity due that will pay $24.000 a year for 25 years, starting today. What was the purchase price if the discount rate is 8.5 percent? $251,409 $245,621 $266,498 $255,394 $241,309

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