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Atlas insurance wants to sell you an annuity which will pay

Atlas Insurance wants to sell you an annuity, which will pay you $3,200 per quarter for 25 years. You want to earn a minimum rate of return of 6.5 percent. What is the most you are willing to pay as a lump sum today to buy this annuity? please show all work.

Answer

$151,008.24

$157,636.81

$167,489.11

$173,008.80

$179,827.59

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Finance Basics: Atlas insurance wants to sell you an annuity which will pay

Reference No:- TGS0629422

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Finance Basics: Atlas insurance wants to sell you an annuity which will pay

Reference No:- TGS0629422

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Ask an Expert for Answer!!

Finance Basics: Atlas insurance wants to sell you an annuity which will pay

Reference No:- TGS0629422

Recent Questions Asked Finance Basics

Q : A heat engine has an efficiency of 25 and its heat input is

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Q : How many milliliters of 010 m hcl must be added to 447 ml

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