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Your friend offers to pay you an annuity of $7,300 at the end of each year for 3 years in return for cash today. Yo

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Your friend offers to pay you an annuity of $7,300 at the end of each year for 3 years in return for cash today. Yo could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? Select the corredtanswer. a. $19,701.31 b. $19,688.51 c. $19,707.71 d. $19,694.91 e. $19,714.11

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