You could earn 5 on your money in other investments with
You just inherited some money, and a broker offers to sell you an annuity that pays $5,000 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
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background john has a hedge fund in new york johns fund held a number of uk assets in its portfolio he is wondering
you just inherited some money and a broker offers to sell you an annuity that pays 5000 at the end of each year for 20
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