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You have a chance to buy an annuity that pays $1,200 at the end of each month for 36 months. You could earn an annual
You have a chance to buy an annuity that pays $1,200 at the end of each month for 36 months. You could earn an annual nominal rate of 6.0% on your money in other investments with equal risk. What is the most you should pay for the annuity?
None of the above
$30,754
$26,369
$39,445
$27,757
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