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Business, 12.03.2020 00:43 Maddi7328

Your investment advisor wants you to purchase an annuity that will pay you $25,000 per year for 10 years. You require a 7% return. The present value annuity factor at 7% for 10 years is 7.0236. What is the most you should pay for this investment?

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Your investment advisor wants you to purchase an annuity that will pay you $25,000 per year for 10 y...
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