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You just read about an opportunity to purchase an annuity that pays $1,000 at the end of each of the next 10 years. If you

You just read about an opportunity to purchase an annuity that pays $1,000 at the end of each of the next 10 years. If you are currently earning 7% on your money (your opportunity cost of money), how much would you be willing to pay for this annuity

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