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What was the cost of the annuity to stickney

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Reference no: EM132636097

Problem 1: June Stickney purchased an annuity on January 1, 2007 which, at a 12% annual rate, would yield $6,000 each June 30 and December 31 for the next six years. What was the cost of the annuity to Stickney?

Reference no: EM132636097

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