Business, 29.12.2021 16:10 Stuckonhomework

American General offers a 16-year annuity with a guaranteed rate of 6.07% compounded annually. How much should you pay for one of these annuities if you want to receive payments of $2000 annually over the 16 year period? How much should a customer pay for this annuity? (Round to the nearest cent.)

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