Multiple Choice
Your friend offers to pay you an annuity of $2,500 at the end of each year for 3 years in return for cash today.You could earn 5.5% on your money in other investments with equal risk.What is the most you should pay for the annuity?
A) $5,493.71
B) $5,782.85
C) $6,087.21
D) $6,407.59
E) $6,744.83
Correct Answer:
Verified
Correct Answer:
Verified
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