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    Aug 4, 2012, 06:23 AM
    You have a chance to buy an annuity that pays $1,000 at the end of each year for 5 ye
    You have a chance to buy an annuity that pays $1,000 at the end of each year for 5 years. You could earn 6% on your money in other investments with equal risk. What is the most you should pay for the annuity?

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