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An insurance agent is trying to sell you an? immediate-retirement annuity, which for a single amount paid today will provide you with ?$7200 at the end of each year for the next 25 years. You currently earn 7?% on? low-risk investments comparable to the retirement annuity.

1) Ignoring? taxes, what is the most you would pay for this? annuity?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91947002

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