You have a chance to buy an annuity that pays rm1000 at the


You have a chance to buy an annuity that pays RM1,000 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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Financial Accounting: You have a chance to buy an annuity that pays rm1000 at the
Reference No:- TGS01211358

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