Maximum amount you would be willing to pay today for annuity

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Reference no: EM131262350

You are offered an annuity that will pay you $9,000 at the end of each of the next 10 years. What is the maximum amount you would be willing to pay today for this annuity? (Assume you require a 15% rate of return on an investment of this nature.)

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Reference no: EM131262350

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