Business, 26.06.2019 06:10 lily0806

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 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? a. $825,835b. $869,300c. $915,052d. $963,213e. $1,011,374

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Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of...

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