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What is the most you should pay for the annuity

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Reference no: EM133037570

Problem - A new investment opportunity for you is an annuity that pays $1,450 at the Leginning of each year for 3 years. 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: EM133037570

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