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Posted on Aug 17, 2024

You purchased an annuity that will make payments of $ 3 4 , 0 0 0 every 4 years for the next 2 0 years.

You purchased an annuity that will make payments of $

34, 000

every

4

years for the next

20

years. If your discount rate is

5.6

percent, what is this annuity worth today?

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