A salesperson calls you up and offers you $200 a year for life. If the interest rate

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A salesperson calls you up and offers you $200 a year for life. If the interest rate is 9 percent, how much should you be willing to pay for that annuity?

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 05:04 AM

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A salesperson calls you up and offers you $200 a year for life. If the interest rate

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Since were not sure how long your expected lifetime is we can ...View the full answer

Macroeconomics

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