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Mathematics, 22.09.2019 04:30 rah45
The terms of a single parent's will indicate that a child will receive an ordinary annuity of $17,000 per year from age 18 to age 24 (so that the child can attend college) and that the balance of the estate goes to a niece. if the parent dies on the child's 15th birthday, how much money must be removed from the estate to purchase the annuity? (assume an interest rate of 8%, compounded annually. round your answer to the nearest cent.) $
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