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An insurance annuity offers to pay you $1,000 per quarter for 20 years. If you...

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Accounting

An insurance annuity offers to pay you $1,000 per quarter for 20 years. If you want to earn a rate of return of 3.9 percent, compounded quarterly, what is the most you are willing to pay today to obtain this annuity? Group of answer choices $46,783.85 $42,089.47 $50,035.62 $55,370.14 $62,104.49

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