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Business, 28.02.2020 01:37 ishrael2001

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, what is the most you are willing to pay as a lump sum today to buy this annuity?

a. $32,008.24
b. $34,208.16
c. $44,591.11
d. $43,008.80
e. $38,927.59

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