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You pay $628 thousand to buy a 20-year annuity with annual payments to be received at the end of each year. What is the annual
You pay $628 thousand to buy a 20-year annuity with annual payments to be received at the end of each year. What is the annual payment if the discount rate is 5.88%? Express your answer in $ thousands, round to the nearest $0.1 thousand. E.g., if your answer is $50,583, record it as 50.6.Blank 1. Calculate the answer by read surroundi
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