Question
An insurance company offered you an annuity at a price of $50,000. If you buy this annuity you will be receiving a payment of $1,000
An insurance company offered you an annuity at a price of $50,000. If you buy this annuity you will be receiving a payment of $1,000 per month over the next 5 years. Calculate the annual rate of return that this annuity is offering you.
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
