Question
You have a chance to buy an annuity that pays $24,000 at the beginning of each year for 5 years. You could earn 4.5% on
You have a chance to buy an annuity that pays $24,000 at the beginning of each year for 5 years. You could earn 4.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
