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8. Because your mother is about to retire, she want income a year for 20 years, with the first payment 5.25%. How much would it
8. Because your mother is about to retire, she want income a year for 20 years, with the first payment 5.25%. How much would it cost her to buy the annuity today? a. $825,835 $869,300 she wants to buy an annuity that will provide her with $75,000 of st payment coming immediately. The going rate on such annues is to buy the annuity today? (C-4) P=7oou 70botttoosza PMT= 75000 n=20 IV-01 Ilyv = 0.0525 c. $915,052 d. $963,213 Przetten -. $1,011,374 curity analyst obtained the following information from Prestopino Products' financia minne at the end of the previous vear were $700,000, but retained earn
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