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E9) Your insurance agent is trying to sell you an annuity that costs $150,000 today. By buying this annuity, your agent promises that you will

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Your insurance agent is trying to sell you an annuity that costs $150,000 today. By buying this annuity, your agent promises that you will receive monthly payments of $985 for the next 15 years, starting from a month from now. Would you be willing to purchase this investment if the market offered you a rate of return of 8% for securities of similar risk? Multiple Choice

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