An annuity provides for 12 consecutive end-of-year payments, Ask an Expert

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An annuity provides for 12 consecutive? end-of-year payments of ?$83,000. The average general inflation rate is estimated to be 6?% ?annually, and the market interest rate is 10?% annually. What is the annuity worth in terms of a single equivalent amount of? today's dollars? (Round to one decimal place)

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