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Author Question: You have a chance to buy an annuity that pays $1,100at the end of each year for5years. You could ... (Read 84 times)

kmcolvin

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on: Aug 7, 2023

Question 1

You deposit $1,000 today in a savings account that pays2.5% interest, compounded annually. How much will your account be worth at the end of40years?

◦

$2,545.08


◦

$2,685.06


◦

$2,681.41


◦

$2,705.48



Question 2

You have a chance to buy an annuity that pays $1,100at the end of each year for5years. You could earn 5.9% on your money in other investments with equal risk. What is the most you should pay for the annuity?

◦

$3,775.77


◦

$3,921.86


◦

$4,075.64


◦

$4,646.23

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by kmcolvin 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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kmcolvin

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

zacnyjessica

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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