You Have a Chance to Buy an Annuity That Pays

question 147

Multiple Choice

You have a chance to buy an annuity that pays $2,500 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)$5,493.71
• B)$5,782.85
• C)$6,087.21
• D)$6,407.59
• E)$6,744.83

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Definitions:

Documented Hypertension

A medical condition diagnosed and recorded by healthcare professionals, characterized by consistently high blood pressure.

Palpated Pulse

The pulse felt by pressing a flat surface, like a finger, against the body, used to measure the heart rate or check circulatory function.

Antihypertensive Drug

Medications used to lower high blood pressure and reduce the risk of complications related to hypertension.

Supine Position

A body position where the person lies flat on their back with the face up, commonly used in medical examinations or surgical procedures.