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A new investment opportunity for you is an annuity that pays $2,650 at the beginning of each year for 3 years. You could earn 5.5%
A new investment opportunity for you is an annuity that pays $2,650 at the beginning of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? Select the correct answer. a. $7,530.95 b. $7,554.55 c. $7,566.35 d. $7,542.75 e. $7,578.15
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