Zweli wants to buy an ordinary annuity that pays R 6 0 0 0 a year for

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Question:

Zweli wants to buy an ordinary annuity that pays R

6 000

a year for the next

20

years. The expect annual interest rates will be

6 %

over that time period. The maximum price he will pay for the annuity is

_______.

Posted Date: May 18, 2024 10:03 PM

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Zweli wants to buy an ordinary annuity that pays R 6 0 0 0 a year for

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