You are offered a special set of annuities by your insurance company, whereby you will receive $1,500

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You are offered a special set of annuities by your insurance company, whereby you will receive $1,500 a month for the next 3 years and $2,000 a month for the following 4 years. Given an annual discount rate of 6.3% what is the difference in your pay if you receive the annuities at the end of each year and if they received at the beginning of each year?

Posted Date: May 14, 2024 02:03 AM

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You are offered a special set of annuities by your insurance company, whereby you will receive $1,500

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Answer To solve this problem we need to calculate the present value of the annuities received at the ... View the full answer

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