9.) American General offers a 13-year annuity with a guaranteed rate of 9.47% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $1600 annually...

9.) American General offers a 13-year annuity<br>with a guaranteed rate of 9.47% compounded<br>annually. How much should you pay for one<br>of these annuities if you want to receive<br>payments of $1600 annually over the 13 year<br>period? How much should a customer pay for<br>this annuity? $.<br>the nearest cent.)<br>(Round to<br>

Extracted text: 9.) American General offers a 13-year annuity with a guaranteed rate of 9.47% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $1600 annually over the 13 year period? How much should a customer pay for this annuity? $. the nearest cent.) (Round to

Jun 05, 2022

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9.) American General offers a 13-year annuity with a guaranteed rate of 9.47% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $1600 annually...

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