You may pay 15000 for an annuity that pays 2500 per year


You may pay $15,000 for an annuity that pays $2500 per year for the next 10 years . You want a real rate of return of 5% , and you estimated inflation will average 6% per year. Should you buy the annuity?

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Civil Engineering: You may pay 15000 for an annuity that pays 2500 per year
Reference No:- TGS0657228

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