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Question: an insurance agent is trying to sell you an immediateretirement...

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  An insurance agent is trying to sell you an​ immediate-retirement annuity, which for a single amount paid today will provide you with ​$ 6 comma 700 6,700 at the end of each year for the next 30 30 years. You currently earn 3 3​% on​ low-risk investments comparable to the retirement annuity. Ignoring​ taxes, what is the most you would pay for this​ annuity?

Ignoring​ taxes, the most you would pay for this annuity is

​$ .(Round to the nearest​ cent.)

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