Question: Jonathan is considering purchasing an annuity that promises to pay $ 3 , 0 0 0 annually forever. He expects to earn a 5 %

Jonathan is considering purchasing an annuity that promises to pay $3,000 annually forever. He expects to earn a 5% return on his investments annually.
$720,000
$60,000
$300,000
$386,000
Jonathan is considering purchasing an annuity

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