An annuity offers a payment of $5000 at the beginning of every three months for...
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Accounting
An annuity offers a payment of $5000 at the beginning of every three months for twenty years. Interest is compounded monthly at a nominal rate of 8.8%, and the first payment is deferred for 3 years. Determine the amount that you would pay for this annuity today.
a. $ 146 939.01
b. $ 146 563.01
c. $ 146 585.01
d. $ 143 982.01
e. $ 145 573.01
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