A new investment opportunity for you is an annuity that pays $3,800 at the beginning of...
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A new investment opportunity for you is an annuity that pays $3,800 at the beginning 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? Select the correct answer. a. $10,849.31 b. $10,838.21 c. $10,860.41 d. $10,816.01 e. $10,827.11 A new investment opportunity for you is an annuity that pays $3,800 at the beginning 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? Select the correct answer. a. $10,849.31 b. $10,838.21 c. $10,860.41 d. $10,816.01 e. $10,827.11
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