Business, 13.01.2021 14:00, jlroy1971

An investor wants to purchase an annuity that will pay her £80,000 per year for the next 10 years. If the constant, annual effective interest rate is 2%. How much should she be willing to pay today for the annuity? Answer to the nearest pound.

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An investor wants to purchase an annuity that will pay her £80,000 per year for the next 10 years. I...