Your bank manager has informed you about a new investment plan that will provide you with $5,000
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Your bank manager has informed you about a new investment plan that will provide you with $5,000 at the end of each of the next 20 years. If you have an opportunity to earn a guaranteed return of 6%, what is the most you would pay for this annuity right now?
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Related Book For 
Principles Of Managerial Finance Brief
ISBN: 9781292267142
8th Global Edition
Authors: Chad J. Zutter, Scott B. Smart
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