An insurance and for 20 offers to annuity pay you $1,000 per quarter years. you want to earn a rate of return of 3.9% with quarterly compounding, what is the most you would be willing would be willing to pay today to obtain this annuity? If

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An insurance annuity
for 20
offers to
per quarter
pay you $1,000
you want to earn
years.
a rate of return of 3.9% with quarterly compounding,
what is the most you would be wi
would be willing
to pay today
to obtain this annuity?
If
Transcribed Image Text:An insurance annuity for 20 offers to per quarter pay you $1,000 you want to earn years. a rate of return of 3.9% with quarterly compounding, what is the most you would be wi would be willing to pay today to obtain this annuity? If
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