Question
You have a chance to buy an annuity that pays $5,000 at the beginning of each year for 5 years. You could earn 5.4% on
You have a chance to buy an annuity that pays $5,000 at the beginning of each year for 5 years. You could earn 5.4% on your money in other investments with equal risk. What is the most you should pay for the annuity?
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Carbon Markets Or Climate Finance?
Authors: Axel Michaelowa
1st Edition
0415743435, 978-0415743433
