Good Life Insurance wants to sell you an annuity which will pay you £500 per quarter for 25 years.You want to earn a minimum rate of return of 5.5%.What is the most you are willing to pay as a lump sum today to buy this annuity?
A) £26,988.16
B) £27,082.94
C) £27,455.33
D) £28,450.67
E) £28,806.30
Correct Answer:
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