Assume that you own an annuity that will pay you $17,000 per year for 11...
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Assume that you own an annuity that will pay you $17,000 per year for 11 years, with the first payment being made today, You need money today to open a new restaurant, and your uncle offers to give you $105,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment? 20.35% 14.20% 9.72% none of the answers is correct 18.85%
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