Your uncle is about to retire and he wants to buy an, Ask an Expert

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Your uncle is about to retire, and he wants to buy an annuity that will provide him with $10,000 of income a year for 30 years, with the first payment coming immediately.

The going rate on such annuities is 5.25%. How much would it cost him to buy the annuity today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92871615

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