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Author Question: Your aunt is about to retire, and she wants to buy an annuity that will supplement her income by ... (Read 41 times)

mustachegiraffe

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on: Aug 7, 2023
Your aunt is about to retire, and she wants to buy an annuity that will supplement her income by $66,000 per year for28years, beginning a year from today. The going rate on such annuities is5.75%. How much would it cost her to buy such an annuity today?

◦

$970,963.15


◦

$907,928.68


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$952,117.17


◦

$934,723.02

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by mustachegiraffe on Aug 7, 2023

Burly

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mustachegiraffe

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Reply 2 on: Aug 7, 2023
Thanks for the timely response, appreciate it

diana chang

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Reply 3 on: Yesterday
Wow, this really help

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