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You just inherited some money, and a broker offers to sell you an annuity that pays $12,000 at the end of each year for
You just inherited some money, and a broker offers to sell you an annuity that pays $12,000 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity? $134,591.87 $124,123.62 $149,546.52 D$155,528.39 $15723.85
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