You Have a Chance to Buy an Annuity That Pays

question 44

Multiple Choice

You have a chance to buy an annuity that pays $13,700 at the end of each year for 3 years.You could earn 5.5% on your money in other investments with equal risk.What is the most you should pay for the annuity?

• A) $43,614.79
• B) $31,417.43
• C) $39,918.62
• D) $39,549.01
• E) $36,961.69

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Definitions:

Intermediate Lifters

Individuals who have surpassed the novice stage in weightlifting and have developed a moderate level of strength and proficiency in lifting techniques.

Mass Lifters

Devices or mechanisms designed to lift or move heavy loads efficiently.

Thesis Statement

A concise summary of the main point or claim of an essay or research paper.

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A period of decreased economic activity characterized by reduced consumer spending, business closures, and rising unemployment.