You just inherited some money,and a broker offers to sell you an annuity that pays $18,200 at the end of each year for 20 years.You could earn 5% on your money in other investments with equal risk.What is the most you should pay for the annuity?
A) $251,761.57
B) $269,906.55
C) $226,812.23
D) $190,522.27
E) $222,275.98
Correct Answer:
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