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What is the most you should pay for this investment

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Question 1: Your investment adviser wants you to purchase an annuity that will pay you $25,000 per year for 10 years. If you require a 7% return, what is the most you should pay for this investment?

Question 2: Bobby Joe Thompson purchased a stamp collection for $5,000 thirty years ago. If it appreciated 8% annually, what is it worth today?

 

 

 

Reference no: EM13113855

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