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Business, 12.12.2020 17:10 missmychiefrkt0

An insurance annuity offers to pay you $1,000 per quarter for 20 years. If you want to earn a rate of return of 6.5 percent, compounded quarterly, what is the most you are willing to pay as a lump sum today to obtain this annuity

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An insurance annuity offers to pay you $1,000 per quarter for 20 years. If you want to earn a rate o...
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