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If an insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount paid today will provide you with $10000 at the...

This question was answered on Jan 26, 2013. View the Answer
If an insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount paid today will provide you with $10000 at the end of each year for the next 30 years. You currently earn 12% on low risk investments comparable to the retirement annuity. Ignoring taxes what is the most you will pay for this annuity?
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If an insurance agent is trying to sell you an immediate­retirement annuity, which for a single amount paid today will provide you with $10000 at the end of each year for the next 30 years. You...

This question was asked on Jan 26, 2013 and answered on Jan 26, 2013.

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