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Business, 30.03.2020 20:32 AdrienneFaye

Today, you are purchasing a 15-year, 6.5 percent annuity at a cost of $36,500. The annuity will pay annual payments starting one year from today. What is the amount of each payment?

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Today, you are purchasing a 15-year, 6.5 percent annuity at a cost of $36,500. The annuity will pay...
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