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Question: An annuity will pay an annual amount of $50,000 per year at the end of the year for the next 20 years. This is total of $1 million over the life of the annuity. What is the present value of this annuity TODAY if the interest rate is 10%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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