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An insurance company offers you an end of year annuity of $48,000 per year for...

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An insurance company offers you an end of year annuity of $48,000 per year for the next 20 years. The appropriate discount rate is 9 percent. What should you be willing to pay today for this annuity? $471,271 $438,170 None of these are correct. $550,556 $408,651 Save Question 14 (1 point) Kurt won a lottery and will receive $1,000 a year for the next 50 years. The value of his winnings today discounted at his discount rate is called which one of the following? Net Future Value. Present Value. Compound Value Future Value

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