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  3. (a) suppose someone is offered a 6000 per month an

(a) Suppose someone is offered a 6000 per month annuity (on 1 Jan 2060) with...

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(a) Suppose someone is offered a 6000 per month annuity (on 1 Jan 2060) with first payment on 31 Jan 2060 for 20 years. Assuming that the required rate of return is the CPI 3% what is the present value (on 1 Jan 2060) of the annuity

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