Question: Jenna Smith recently purchased an annuity contract that will pay her $125,000 per year for the next 7 years. According to Smith's calculations, the estimated

Jenna Smith recently purchased an contract that will pay her $125,000 per year for the next 7 years. According to Smith's calculations, the estimated on this investment is 14 percent. If Smith's is 10 percent, what is the estimated NPV of the investment?

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