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Compute what is the most should pay for the annuity

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Question 1: A new investment opportunity for you is an annuity that pays $1,650 at the beginning of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?

Select the correct answer.

Option a. $4,686.13

Option b. $4,696.43

Option c. $4,717.03

Option d. $4,706.73

Option e. $4,675.83

Reference no: EM132490971

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