Question Help O P5-23 (similar to) Value of a retirement annuity Personal Finance Problem An insurance...
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Question Help O P5-23 (similar to) Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $6,700 at the end of each year for the next 35 years. If you don't purchase this annuity, you can invest your money and eam a return of 7%. What is the most you would pay for this annuity right now? Ignoring taxes, the most you would pay for this annuity is $ (Round to the nearest cent.) Question Help O P5-23 (similar to) Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an annuity, that will provide you with $6,700 at the end of each year for the next 35 years. If you don't purchase this annuity, you can invest your money and eam a return of 7%. What is the most you would pay for this annuity right now? Ignoring taxes, the most you would pay for this annuity is $ (Round to the nearest cent.)
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