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Your uncle wanted to give you money, but was afraid youd spend it all at once. He decided to pay you in the form of

Your uncle wanted to give you money, but was afraid youd spend it all at once. He decided to pay you in the form of a 45-year ordinary annuity with annual payments of $12,000. What is the price for him to purchase this annuity for you today assuming an 4.5% discount rate?

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