Question: Please get back to me soon. Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity
Please get back to me soon.


Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $50,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 6.2927%. How much would it cost her to buy such an annuity today? O $574,924 O $605,183 $635,442 O $667,214 O $700,575 What's the present value of $1,375.83 discounted back 5 years if the appropriate interest rate is 6%, compounded monthly? 0 $ 969 O $1,020 O $1,074 O $1,131 O $1,187
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