Multiple Choice
You have a chance to buy an annuity that pays $1,200 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) $2,775.77
B) $2,921.86
C) $3,075.64
D) $3,237.52
Correct Answer:
Verified
Correct Answer:
Verified
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