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Atlas Insurance wants to sell you an annuity which will pay you 3,400 per quarter for 25 years. You want to earn a minimum rate
Atlas Insurance wants to sell you an annuity which will pay you 3,400 per quarter for 25 years. You want to earn a minimum rate of return of 6.5 per cent. What is the most you are willing to pay as a lump sum today to buy this annuity?
Multiple Choice
a)154,208.16
b)167,489.11
c)178,927.59
d)173,008.80
e)151,008.24
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