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25-01-2024
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An insurance company offers you an end of year annuity of $48,000 per year for the next 20 years. They claim your return on the annuity is 9%. What should you be willing to pay today for this annuity?

a. $429,600
b. $438,144
c. $408,672
d. $398,144

Respuesta :

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