Suppose you plan to retire and buy an annuity that will provide you with income of $55,000 per year for 30 years, begin

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answerhappygod
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Suppose you plan to retire and buy an annuity that will provide you with income of $55,000 per year for 30 years, begin

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Suppose you plan to retire and buy an annuity that will provideyou with income of $55,000 per year for 30 years, beginning ayear from today. The going rate on such annuities is 7.25%. Howmuch would it cost you to buy such an annuity today?
Group of answer choices
$698,986.52
$572,503.25
$778,870.69
$665,701.45
$519,247.13
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