About how much is that annuity worth

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Reference no: EM13849626

You will receive an annuity that will pay $16,400 per year for 25 years with the first payment today. If the interest rate is 3.75%, about how much is that annuity worth?

$241,000

$272,975

$410,000

$425,375

Reference no: EM13849626

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