Should you buy the annuity

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Reference no: EM13296710

Your insurance agent is trying to sell you an annuity that costs $100,000 today. By buying this annuity, your agent promises that you will receive payments of $384.40 a month for the next 40 years. You can earn a rate of 3.47% per year on you money. Should you buy the annuity, why?

Reference no: EM13296710

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