Business, 06.06.2020 18:59, lol6998

Cathy wants to purchase an annuity where she can withdraw $15,000 at the beginning of each year for the next 25 years. She expects to earn 8% compounded annually on her investment. How much should she pay for the annuity?

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Cathy wants to purchase an annuity where she can withdraw $15,000 at the beginning of each year for...