shadowhawk6176 shadowhawk6176
  • 15-11-2022
  • Business
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our uncle is about to retire, and he wants to buy an annuity that will provide him with $105,000 of income a year for 20 years, with the first payment coming immediately. the going rate on such annuities is 5.25%. how much would it cost him to buy the annuity today?

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