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American General offers a 18 year annuity with a guaranteed rate of 6 47 compounded...

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Calculus

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American General offers a 18 year annuity with a guaranteed rate of 6 47 compounded annually How much sho you pay for one of these annuities if you want to receive payments of 1300 annually over the 18 year period How much should a customer pay for this annuity Round to the nearest cent

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