Finding the value of the annuity today

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Question: You buy an annuity that will pay you $20,000 a year for 25 years. The payments are paid on the first day of each year. What is the value of this annuity today if the discount rate is 8.5%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131951459

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