Multiple Choice
You have a chance to buy an annuity that pays $12,400 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) $38,137.99
B) $39,141.62
C) $36,799.81
D) $35,127.09
E) $33,454.37
Correct Answer:
Verified
Correct Answer:
Verified
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