The good life insurance co wants to sell you an annuity, Financial Accounting

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The good life insurance co wants to sell you an annuity

The Good Life Insurance Co. wants to sell you an annuity which will pay you $730 at the end of each quarter for 25 years. You want to earn a minimum rate of return of 5.8 percent annually with quarterly compounding. What is the most you are willing to pay as a lump sum today to buy this annuity?

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Financial Accounting: The good life insurance co wants to sell you an annuity

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