Multiple Choice
You have a chance to buy an annuity that pays $1,400 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) $3,984.85
B) $3,945.00
C) $3,745.76
D) $4,223.94
E) $4,781.82
Correct Answer:
Verified
Correct Answer:
Verified
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