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Time Value of Money
Mandi Kempes
Posted: 24 September 2017 11:54:22(UTC)

Joined: 24/09/2017(UTC)
Posts: 1

Hello, I'm a student at UNC Charlotte and new to the forum. Can anyone help with a question related to time value of money?

If I inherited some money, and someone offers to sell me an annuity that pays $2,000 at the end of each year for 10 years. I could earn 8% on your money in other investments of equal risk. What is the most I should pay for the annuity?

Please help me calculate?

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