Connor has 300000 to invest in a 5 year annuity assuming, Ask an Expert

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Connor has $300,000 to invest in a 5 year annuity. Assuming the time value of money is 10%, what amount will Connor receive in cash each year? (Do not round your PV factors. Round your answer to the nearest dollar.)

A. $79,139

B. $60,000

C. $96,631

D. None of these answers is correct.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91543906

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