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Your aunt is about to retire, and she wants to buy an annuity that will provide her with $31,614 of income a year for 11

Your aunt is about to retire, and she wants to buy an annuity that will provide her with $31,614 of income a year for 11 years, with the first (income) payment taking place immediately. The relevant rate on such annuities is 5%. How much would it cost her to buy the annuity today?
excel please

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