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What is the current price of annuity

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Reference no: EM132641936

You manage an investment fund that sells annuities. You sell a 7-year ordinary level annuity that makes monthly payments of $2,609 per month, starting next month. If interest rates are 2.17% APR (compounded monthly) what is the current price of this annuity?

Reference no: EM132641936

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