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Annual return on your investment

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Reference no: EM132348670

You receive $10K today, $20k five years from now, and $50K ten years later. An option is to receive a 15-year annuity with the first payment being received ten years from now.

If you want 6% annual return on your investment, how much must the annuity pay you each year for you to select that option?

Reference no: EM132348670

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