What is the amount of the annuity purchase required

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Reference no: EM131084420

What is the amount of the annuity purchase required if you wish to receive a fixed payment of $290,000 for 25 years? Assume that the annuity will earn 11 percent per year. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

Present Value $______________________

Reference no: EM131084420

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