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You want to buy an ordinary annuity that will pay you $4,000 a year for the next 20 years. You expect annual interest rates will
- You want to buy an ordinary annuity that will pay you $4,000 a year for the next 20 years. You expect annual interest rates will be 8 percent over that time period. Find the maximum price you would be willing to pay for the annuity?
- You want to buy an ordinary annuity that will pay you $4,000 a year for the next 20 years. You expect annual interest rates will be 8 percent over that time period. Find the maximum price you would be willing to pay for the annuity?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
9781285586618
