Crane Company is considering investing in an annuity contract that will return $ 2 9 , 0

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Question:

Crane Company is considering investing in an annuity contract that will return $

29, 000

annually at the end of each year for

18

years. What amount should Crane Company pay for this investment if it earns an

7 %

return?

Posted Date: May 18, 2024 02:08 PM

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Crane Company is considering investing in an annuity contract that will return $ 2 9 , 0

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