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Can someone help me solve this without using financial calculator? 8 years at 8.5% compound interest? Q.5. You have a chance to buy an annuity
Can someone help me solve this without using financial calculator? 8 years at 8.5% compound interest? Q.5. You have a chance to buy an annuity that pays $1,200 at the end 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? a. $2,636.98 b. $2,775.77 $2,921.86 $3,075.64 $3,237.52 C. d
Can someone help me solve this without using financial calculator?
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