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11 January, 05:38

Juan 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?

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  1. 11 January, 08:56
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    The value of annuity he will receive over a period of 10 years will be $12596
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