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You could earn 55 on your money in other investments with

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You have a chance to buy an annuity that pays $2,500 at the end 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?

a. $6,087.21
b. $5,493.71
c. $6,407.59
d. $5,782.85
e. $6,744.83

Reference no: EM13566005

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