Your friend offers to pay you an annuity of 2500 at the end, Ask an Expert

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Your friend offers to pay you an annuity of $2500 at the end of each year for 3 years in return for cash today. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?

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Financial Management, Finance

Category:- Financial Management
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