Multiple Choice
You have a chance to buy an annuity that pays $5,700 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) $16,454.70
B) $13,532.83
C) $11,687.45
D) $14,763.09
E) $15,378.22
Correct Answer:

Verified
Correct Answer:
Verified
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