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Choosing the best annuity Personal Finance Problem Roina Herzig wishes to choose the best of four annuities avalable to her. In each case, in exchange
Choosing the best annuity Personal Finance Problem Roina Herzig wishes to choose the best of four annuities avalable to her. In each case, in exchange for paying a lump sum today, the will receive equal, end-ofyear cash payments for a specified number at years. She considers the annuties to be equally risky and is not concerned about their diflering livet. Her decision wil be based solely on the rate of reburn she will earn on each annuty. The key terms of the four annulites are shown in the following table. a. Calculate the rain of return on each of the four annuites fuina is considering. b. Given Raina's stasod decivon critenon, which annulty would you recornmend? a. The rate of retuin, r, on annuity A is K. RRound to two decimal placess.) (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.)
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