Question: Please show work You buy an annuity that will pay you $24,000 a year for 20 years. The payments are paid at the end of

Please show work You buy an annuity that will pay you

Please show work

You buy an annuity that will pay you $24,000 a year for 20 years. The payments are paid at the end of each year. What is the value of this annuity today if the discount rate is 8.5 percent

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