Question: please show FULL work, I need to know what Im doing wrong! Thank you American General offers a 8-year annuity with a guaranteed rate of

please show FULL work, I need to know what Im doing wrong! Thank you

American General offers a 8-year annuity with a guaranteed rate of 4 93% compounded annually How much should you pay for one of these annuities if you want to receive payments of $2000 annually over the year period? How much should a customer pay for this annuity? $(Round to the nearest cent.)

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