You have a chance to buy an annuity that pays $43,000 at the beginning of each year for 5 years.You could earn 4.5% on your money in other investments with equal risk.What is the most you should pay for the annuity?
A) $197,263.61
B) $215,017.33
C) $185,427.79
D) $244,606.87
E) $209,099.42
Correct Answer:
Verified
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