Question
QUESTION 4 You have a chance to buy an annuity that pays $13,700 at the end of each year for 3 years. You could earn
QUESTION 4
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You have a chance to buy an annuity that pays $13,700 at the end of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
a. $43,614.79
b. $31,417.43
c. $36,961.69
d. $39,549.01
e. $39,918.62
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
