arnoldbradley4093 arnoldbradley4093
  • 19-03-2024
  • Mathematics
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An investment advisor suggests that you buy an annuity that pays $1,500 at the end of each of the next 10 years. If the interest rate is 9%, what price are you willing to pay for this annuity?
a) $10,000
b) $11,500
c) $12,500
d) $13,500

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