Carry buys a 25-year annuity that will deliver end-of-month payments. The first payment will be $1500. How

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Carry buys a 25-year annuity that will deliver end-of-month payments. The first payment will be $1500. How much more will it cost to index the annuity so that payments grow at the rate of 1.8% compounded monthly? Assume the annuity earns 3.6% compounded monthly.

Posted Date: Nov 25, 2021 01:58 PM

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Carry buys a 25-year annuity that will deliver end-of-month payments. The first payment will be $1500. How

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