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Mathematics, 29.08.2019 21:20 Bg88860709
You just inherited some money, and a broker offers to sell you an annuity that pays $5,000 at the end of each year for 20 years. you could earn 5% on your money in other investments with equal risk. what is the most you should pay for the annuity?
a. $50,753.
b. $53,424.
c. $56,236.
d. $59,195.
e. $62,311.
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