You were offered an annuity that pays $12,000 at the end of each year for 20 years. You may earn 5% on your money in oth

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answerhappygod
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You were offered an annuity that pays $12,000 at the end of each year for 20 years. You may earn 5% on your money in oth

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You were offered an annuity that pays $12,000 at the end of eachyear for 20 years. You may earn 5% on your money in otherinvestments with equal risk. What is the most you should pay forthe annuity?
Group of answer choices
$157,023.85
$155,528.39
$149,546.52
$134,591.87
$124,123.62
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