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You have a chance to buy an annuity that pays $10,000 at the beginning of each year for 10 years. You could earn 5.75% on your money in other investments with equal risk. What is the most you should pay for the annuity?

$74,480.54

$78,763.17

$130,270.64

$137,761.20

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91544471

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