How much would you be willing to pay (rounded to the nearest dollar) f
How much would you be willing to pay (rounded to the nearest dollar) for a 20-year ordinary
annuity if the payments are $4,500 per year and you want to earn a rate of return equal to 5.5% per
year?
A) $63,445 B) $84,500 C) $56,734 D) $53,777
ANSWER
D
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