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Helena is considering investing in an annuity being offered by Akyab Investments Ltd. The annuity will pay her $5,000 per half year for 10 years.
Helena is considering investing in an annuity being offered by Akyab Investments Ltd. The annuity will pay her $5,000 per half year for 10 years. Helena is trying to work out how much this annuity is worth. She thinks she should receive a return equivalent to a nominal interest rate of 3.65% per annum, compounding daily. What is the value of this annuity to Helena?
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