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OpenStudy (anonymous):
Sammy has an annuity that pays him $9600 at the beginning of each year. Assume the economy will grow at a rate of 3.1% annually. What is the value of the annuity if he received it now instead of over a period of 10 years? $78,044.65 $80,651.16 $81,075.98 $83,999.29
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