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How much should a customer pay for this annuity

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Reference no: EM131208604

American General offers a 17-year annuity with a guaranteed rate of 8.94% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $1800 annually over the 17 year period?

How much should a customer pay for this annuity?

Reference no: EM131208604

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