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problem: How much would you be willing to pay [Give your answer to the nearest dollar] for a twenty (20) year annuity due if the payments are $4,500 per year & you want to earn a rate of return equal to 5.5%/year?

[A] $56,734

[B] $53,777

[C] $84,500

[D] $63,445

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M921119

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