Question: 8. How much should Bert pay for a deferred annuity that will pay him $10,000 per year for 20 years, but the payments will start

8. How much should Bert pay for a deferred annuity that will pay him $10,000 per year for 20 years, but the payments will start in five years? The firm uses a 7% annual return on investment

8. How much should Bert pay for a deferred annuity that will pay him $10,000 per year for 20 years, but the payments will start in five years? The firm ases a 7% annual return on investment

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