An insurance company wants to sell you an annuity that will provide you with $15,000 at the

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An insurance company wants to sell you an annuity that will provide you with $15,000 at the end of each of the next 20 years. If you choose to invest your money instead you could earn and 8% interest.

What is the most you would pay for this annuity now? (Solve for PV)

Related Book For answer-question

Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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Posted Date: Nov 20, 2023 12:34 AM

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An insurance company wants to sell you an annuity that will provide you with $15,000 at the

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To determine the present value PV of an annuity you can use ... View the full answer

Personal Finance Turning Money into Wealth

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