Question
ou have a chance to buy an annuity that pays $12,800 at the end of each year for 3 years. You could earn 4.5% on
ou have a chance to buy an annuity that pays $12,800 at the end of each year for 3 years. You could earn 4.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? Select one: a. $42,821.60 b. $27,972.17 c. $35,186.74 d. $39,022.91 e. $34,533.55
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Financial Modeling Using Excel And VBA
Authors: Chandan Sengupta
1st Edition
0471267686, 978-0471267683
