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What is the most should pay for the annuity for investment

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Reference no: EM132772852

Problem 1: Your friend offers to pay you an annuity of $8,100 at the end of each year for 3 years in return for cash today. 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: EM132772852

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