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Which one is better assuming the constant interest rate

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Question 1: An investor is considered two annuities both of which involves the same purchase price.annuity a pays $5000 each year for 20 years while annuity b pays $ 5500 each year for 15 years. Both start payment 1 year after purchase and neither is affected by the death of investor. Assuming the constant interest rate of 8 percent which one is better

Reference no: EM132578326

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