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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?

a. $6,087.21

b. $5,782.85

c. $6,744.83

d. $6,407.59

e. $5,493.71

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