What is the most you should pay for the
You have a chance to buy an annuity that pays $12,800 at the end of each year for 5 years. You could earn 6% on your money in other investments with equal risk. What is the most you should pay for the annuity?
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you have a chance to buy an annuity that pays 12800 at the end of each year for 5 years you could earn 6 on your money
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as with most bonds consider a bond with a face value of 1000 the bonds maturity is 13 years the coupon rate is 3 paid
as with most bonds consider a bond with a face value of 1000 the bonds maturity is 19 years the coupon rate is 4 paid
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