(Answered) Value of a retirement annuitypersonal finance probleman

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Value of a retirement annuity

Personal Finance Problem

An insurance agent is trying to sell you an? immediate-retirement annuity, which for a single amount paid today will provide you with ? $7,100 at the end of each year for the next 35 years. You currently earn 5?% on? low-risk investments comparable to the retirement annuity. Ignoring? taxes, what is the most you would pay for this? annuity?

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