evanicioccosta evanicioccosta

12-12-2021
Engineering

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Suppose your client wishes to purchase an annuity that pays $50,000 each year for 5 years, with the first payment 4 years from now. At an interest rate of 10%, how much would the client need to invest now? Please round your answer to the nearest hundredth.

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edwinlozada190 edwinlozada190

12-12-2021

$182,143.58 is the answer

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