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Determine the price the investor will pay for the annuity

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Reference no: EM133072663

Question - If an investor wants to set up an annuity that pays equal monthly payments of $520 over the next eight years, when market interest rates are 1.75% per annum, determine the price the investor will pay for the annuity?

a. $46,551.51

b. $873.690

c. $289,143.10

d. $6,181.25

Reference no: EM133072663

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