Question: I'm having trouble figuring this out can you help me? You have a chance to buy an annuity that pays $1,200 at the beginning of

I'm having trouble figuring this out can you help me?

You have a chance to buy an annuity that pays $1,200 at thebeginningof each year for 8 years.You could earn 5% on your money in other investments with equal risk.What is the most you should pay for the annuity?

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