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Determine what is the most should pay for the annuity

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Reference no: EM132472218

Question 1: A new investment opportunity for you is an annuity that pays $2,250 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?

Reference no: EM132472218

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