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What is the most you would pay for this annuity right now

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Reference no: EM132634241

Question - How do calculate the most that should be paid for this annuity today?

An insurance agent is trying to sell you an annuity, that will provide you with $10,600 at the end of each year for the next 25 years. If you don't purchase this annuity, you can invest your money and earn a return of 8%. What is the most you would pay for this annuity right now?

Reference no: EM132634241

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