The Good Life Insurance Co. wants to sell you an annuity which will pay you...
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The Good Life Insurance Co. wants to sell you an annuity which will pay you $720 per quarter for 30 years. You want to earn a minimum rate of return of 5.7 percent. What is the most you are willing to pay as a lump sum today to buy this annuity? $40,948.47 $41,276.87 $61,444 23 $61,900.27 $47,034.27
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