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OpenStudy (anonymous):
lJuan has an annuity that pays him $9400 at the beginning of each year. Assume the economy will grow at a rate of 3.4% annually. What is the value of the annuity if he received it now instead of over a period of 10 years? $113,498.88 $109,766.81 $81,243.05 $78,571.61
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