just inherited some money, and a broker offers to sell you an annuity that pays $5,000 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)$50,753
B)$53,424
C)$56,236
D)$59,195
E)$62,311

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The Answer of just inherited some money, and a broker offers to sell you an annuity that pays $5,000 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)$50,753
B)$53,424
C)$56,236
D)$59,195
E)$62,311

Just Inherited Some Money, and a Broker Offers to Sell