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Suppose you are offered the following information about an annuity. If you invested in it, what would be your annual income? Type of Annuity= Annuity

Suppose you are offered the following information about an annuity.

If you invested in it, what would be your annual income?

Type of Annuity= Annuity Due

Price or PV= $50,000

Rate (r)= 4.0% Annual Rate of Return

t=25 # of years the annuity will pay

Answers:

A) $1,750.00

B) $2,293.86

C) $3,077.50

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