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I. Your insurance company offered you an annuity that pays you $100 at the end of each year. The life of the annuity is 10
I. Your insurance company offered you an annuity that pays you $100 at the end of each year. The life of the annuity is 10 years. Assume that market interest rate you can earn on similar risky investments is 8%; a. What should be the present value of this annuity? b. If you are given the first payment immediately starting today, what should be the worth of this annuity
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
