Multiple Choice
You have a chance to buy an annuity that pays $16,000 at the beginning of each year for 5 years.You could earn 4.5% on your money in other investments with equal risk.What is the most you should pay for the annuity?
A) $73,400.41
B) $82,208.46
C) $86,612.49
D) $64,592.36
E) $81,474.46
Correct Answer:
Verified
Correct Answer:
Verified
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