You wish to purchase an annuity today that will pay you, Accounting Basics

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You wish to purchase an annuity today that will pay you

Question: You wish to purchase an annuity today, that will pay you $50,000 per year for 30 years. You will start collecting the annuity 10 years from today. If the interest rate is 4%, what is the cost of purchasing the annuity today? The answer must be typed, in times new roman font (size 12), and must follow APA format.

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