adrielalvarez1306 adrielalvarez1306

24-05-2023
Mathematics

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American General offers a 9-year annuity with a guaranteed rate of 6.28% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $1500 annually over the 9 year period? How much should a customer pay for this annuity? (Round to the nearest cent)

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