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What is the most you are willing to pay to buy the annuity

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Reference no: EM131939931

Question: Atlas Insurance wants to sell you an annuity which will pay you $550 per quarter for 20 years. You want to earn a minimum rate of return (APR) of 5.0 percent compounded quarterly. What is the most you are willing to pay as a lump sum today to buy this annuity? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131939931

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