The good life insurance co wants to sell you an annuity, Ask an Expert

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The Good Life Insurance Co. wants to sell you an annuity which will pay you $660 per quarter for 30 years. You want to earn a minimum rate of return of 5.1 percent. What is the most you are willing to pay as a lump sum today to buy this annuity? How would you calculate this?

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Financial Management, Finance

Category:- Financial Management
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