Your girlfriend just won the Florida lottery. She has the choice of $16,600,000 today or a 20-year
Question:
A) 2.75%
B) 2.73%
C) 2.52%
D) 2.35%
E) 2.54%
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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