Question: An annuity currently costs $ 1 8 , 0 0 0 . It promises to pay $ 3 , 0 0 0 each year for

An annuity currently costs $18,000. It promises to pay $3,000 each year for the next 10 years. You want a real rate of return of 9% and inflation is estimated to average 3% per year. Should you buy the annuity

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