Multiple Choice
You have a chance to buy an annuity that pays $2,450 at the beginning 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) $6,973.48
B) $7,531.36
C) $6,903.75
D) $8,298.45
E) $8,228.71
Correct Answer:
Verified
Correct Answer:
Verified
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