Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You need
Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You need money today to start a new business, and your uncle offers to give you $142,000 for the annuity. If you sell it to your uncle, what rate of return would your uncle earn on his investment?
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Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
