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Mathematics 21 Online
OpenStudy (anonymous):

Gabriel has an annuity that pays $1,310 at the beginning of each year. If the economy grows at a rate of 1.95% quarterly, what is the value of the annuity if he received it in a lump sum now rather than over a period of eight years? $9,681.67 $9,728.87 $38,726.68 $38,915.48

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