Question
An insurance agent is trying to sell you an annuity, that will provide you with $16100 at the end of each year for the next
An insurance agent is trying to sell you an annuity, that will provide you with $16100 at the end of each year for the next 15 years. If you don't purchase this annuity, you can invest your money and earn a return of 6%. What is the most you would pay for this annuity right now?
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Financial Times Handbook Of Corporate Finance A Business Companion To Financial Markets Decisions And Techniques
Authors: Glen Arnold
2nd Edition
0273726560, 978-0273726562
