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Posted on Jul 24, 2024

How much should you be willing to pay for an annuity that begins in 3 years and pays $ 1 0 0 dollars each month

How much should you be willing to pay for an annuity that begins in

3

years and pays $

100

dollars each month for

9.7

subsequent years? Assume your monthly discount rate is

2 % .

Answer:

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