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You Have a Chance to Buy an Annuity That Pays

question 147

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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?


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Comprehensive and detailed plans or suggestions put forward for consideration or discussion.

Feasibility

An assessment or evaluation of how practical, viable, or possible a proposed project, plan, or idea is, considering various factors such as costs, resources, and timeframe.

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The alignment of text within a document or presentation, which can be aligned to the left, right, center, or justified, which evenly distributes space between words.

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An event or occurrence, often unexpected, that can have significant consequences or require action.

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