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your investment advisor wants you to purchase an annuity that will pay you $25,000 per year for 10 years. If you require a 7% return, what is the

your investment advisor wants you to purchase an annuity that will pay you $25,000 per year for 10 years. If you require a 7% return, what is the most you should pay for this investment?

Bobby Joe Thompson purchased a stamp collection for $5,000 thirty years ago. If it appreciated 8% annually, what is it worth today?
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CH220310_5363_ACC.doc

1. Your investment advisor wants you to purchase an annuity that will pay you $25,000 per year for 10 years. If
you require a 7% return, what is the most you should pay for this investment?...

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