8. You are approached by an insurance agent to buy an annuity of `50,000 for 6 years...

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8. You are approached by an insurance agent to buy an annuity of `50,000 for 6 years starting from the beginning of first year. How much you should be ready to pay now for this annuity if you consider discount factor of 8% per annum?

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Financial Management

ISBN: 9789352605606

1st Edition

Authors: Swapan Sarkar, Bappaditya Biswas, Samyabrata Das, Ashish Kumar Sana

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Question Posted: Jul 23, 2024 07:01 AM

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8. You are approached by an insurance agent to buy an annuity of `50,000 for 6 years...

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Financial Management

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