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and I will rate you :) Suppose you just bought a 12-year annuity of $16,700 per year at the current interest rate of 14.25 percent
and I will rate you :) Suppose you just bought a 12-year annuity of $16,700 per year at the current interest rate of 14.25 percent per year. Requirement 2: What happens to the value of your investment if interest rates suddenly drop to 9.25 percent? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Value of investment $ Requirement 3: What happens to the value of your investment if interest rates suddenly rise to 19.25 percent? (Do not include the dollar sign ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Value of investment $
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