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Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income

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Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $80,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost her to buy such an annuity today? $1,074,805.25$968,293.02$1,036,073.53$958,610.08$726,219.76

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