Question: ***** show all steps in calculations, including financial calculator inputs. Set calculators to 4 decimal places You buy an annuity that will pay you $24,000

***** show all steps in calculations, including financial calculator inputs. Set calculators to 4 decimal places

You buy an annuity that will pay you $24,000 a year for 25 years. The payments are paid on the first day of each year. What is the value of this annuity today if the discount rate is 8.5 percent? Solve using a Financial Calculator showing all calculator inputs.

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