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Author Question: Your aunt is about to retire, and she wants to buy an annuity that will provide her with $72,000 of ... (Read 73 times)

heatherbabydoll1

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on: Aug 7, 2023
Your aunt is about to retire, and she wants to buy an annuity that will provide her with $72,000 of income a year for23years, with the first payment coming immediately. The going rate on such annuities is5.75%. How much would it cost her to buy the annuity today?

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$859,281.38


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$878,190.93


◦

$919,148.35


◦

$958,161.02

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by heatherbabydoll1 on Aug 7, 2023

furthoh

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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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heatherbabydoll1

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

Dinolord

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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