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What is the most that you are willing to pay

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Question - Atlas Insurance wants to sell you an annuity, which will pay you $3,400 at the beginning of each quarter for 45 years. You want to earn a minimum rate of return of 6.5 percent per year. What is the most that you are willing to pay as a lump sum today to buy this annuity?

Reference no: EM133166992

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