Earn rate of return equal

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Reference no: EM13879378

How much would you be willing to pay (rounded to the nearest dollar) for a 20-year annuity due if the payments are $4,500 per year and you want to earn a rate of return equal to 5.5% per year?

a. $63,445

b. $84,500

c. $56,734

d. $53,777

Reference no: EM13879378

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