Question: 20 Problem 7-20 You are offered an annuity that will pay $9.000 a year for ten years that is, ten payments), but the payments start

Problem 7-20 You are offered an annuity that will pay $9.000 a year for ten years that is, ten payments), but the payments start after five years have elapsed. If you want to earn percent on your funds, what is the maximum you should pay for this annuity? Use Appendix and Appendix D to answer the question. Round your answer to the nearest dollar 5

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