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You pay $800 annually for 30 years to buy an annuity from an insurance company. One year after your last payment, the annuity starts to

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You pay $800 annually for 30 years to buy an annuity from an insurance company. One year after your last payment, the annuity starts to pay $5000 a year. Suppose that the annual effective interest is 6% How many times will you receive $5000? O 27 O 26 O 23 0 25 24 Question 2 1 pts (This is continued from the last question) What is the balance of your annuity just after you received the last $5000 from the insurance company? 1506 2123 495 2003 0.524

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