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Attempts 3. Chapter b Multiple Choice 05-100, Section b Multiple Choice 05-100, Problem b Multiple Choice 05-100 Score: /5 Your aunt is about to retire,
Attempts 3. Chapter b Multiple Choice 05-100, Section b Multiple Choice 05-100, Problem b Multiple Choice 05-100 Score: /5 Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $53,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost her to buy such an annuity today? a. $756,963.06 b. $641,494.12 Oc. $519,610.24 d. $647,909.06 e. $493,950.47
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