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You have a chance to buy an annuity that pays $18,000 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 $18,000 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? Group of answer choices $82,575.46 $94,961.78 $71,840.65 $93,310.27 $69,363.39
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