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OpenStudy (anonymous):
George has an annuity that pays $1,250 at the beginning of each quarter. If the economy grows at a rate of 3.49% annually, what is the value of the annuity if he received it in a lump sum now rather than over a period of nine years? $39,384.13 $38,055.97 $9,846.03 $9,513.99
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