Question
You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. You could earn 5.5% on
You have a chance to buy an annuity that pays $2,500 at the end of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk.
What is the most you should pay for the annuity?
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Financial Management Of Health Care Organizations
Authors: William N. Zelman, Michael J. McCue, Alan R. Millikan, Noah D. Glick
2nd Edition
063123098X, 9780631230984
