Question
Larry can invest in an annuity that will pay him $15,000 a year for 17 years beginning the day he signs the contract. If the
Larry can invest in an annuity that will pay him $15,000 a year for 17 years beginning the day he signs the contract. If the annuity has an interest rate of 4.4%, what is the annuity worth to Larry if he signs the contract today?
| $173,951 | ||
| $141,339 | ||
| $184,737 | ||
| $255,000 |
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Financial Modeling
Authors: Simon Benninga, Tal Mofkadi
5th Edition
0262046423, 9780253337825
