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Your father asked for your help. He has been offered an annuity that will pay him $1,566 per month for 23 years. He thinks that
Your father asked for your help. He has been offered an annuity that will pay him $1,566 per month for 23 years. He thinks that the fair return should be 4.37%. What is the most he should be willing to pay for it today? Enter only numbers and decimals in your response. Round to 2 decimal places.
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