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Posted on Jun 10, 2024

Suppose you just bought a 11-year annuity of $12,000 per year at the current interest rate of 11.5% per year. What happens to the value

Suppose you just bought a 11-year annuity of $12,000 per year at the current interest rate of 11.5% per year. What happens to the value of your investment if interest rates suddenly drop to 6 percent? What if interest rates suddenly rise to 12 percent?

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