Mathematics, 12.09.2019 00:30 meganwintergirl
Your insurance agent wants to sell you an annuity consisting of 20 equal end of year payments of $10,000 each, starting at the end of this year. your desired rate of return for investments of this type is 7 percent. what is the most you would pay for this annuity today?
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Your insurance agent wants to sell you an annuity consisting of 20 equal end of year payments of $10...
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