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you have a chance to buy an annuity that pays $1,000 at the end of each year for 5 years. You could earn 6% on
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you have a chance to buy an annuity that pays $1,000 at the end of each year for 5 years. You could earn 6% on your money in other investments with equal risk. What is the most you should pay for the annuity?
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Islamic Finance Law Economics And Practice
Authors: Mahmoud A. El-Gamal
1st Edition
0521864143,0511218117
