Question
6) An insurance company offers you and end of year annuity of $48,000 per year for the next 20 years. They claim your return on
6) An insurance company offers you and end of year annuity of $48,000 per year for the next 20 years. They claim your return on the annuity is 9%. What is the most you would be willing to pay today for this annuity? please, may i get the answer in excel? Thank you.
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Financial Institutions Management
Authors: Anthony Saunders, Marcia Cornett
8th Edition
0078034809, 978-0078034800
