Multiple Choice
You have a chance to buy an annuity that pays $13,700 at the end of each year for 3 years.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) $43,614.79
B) $31,417.43
C) $39,918.62
D) $39,549.01
E) $36,961.69
Correct Answer:
Verified
Correct Answer:
Verified
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