Business, 22.02.2020 04:57 ashvinmsingh

You just inherited some money, and a broker offers to sell you an annuity that pays $18,200 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity?

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You just inherited some money, and a broker offers to sell you an annuity that pays $18,200 at the e...