Willing to pay as a lump sum today to buy this annuity

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Reference no: EM131492067

Atlas Insurance wants to sell you an annuity which will pay you $550 per quarter for 30 years. You want to earn a minimum rate of return of 5.0 percent compounded quarterly. What is the most you are willing to pay as a lump sum today to buy this annuity?

Reference no: EM131492067

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