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You just inherited some money, and a broker offers to sell you an annuity that pays $16,000 at the end of each year for 20
You just inherited some money, and a broker offers to sell you an annuity that pays $16,000 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?
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Practical Guide To Accountancy
Authors: Ajit Kumar Chattopadhyay, Amalendu Mukhopadhyay
1st Edition
1642874264, 9781642874266
