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MC Qu. 6-A7 The Good Life Insurance Co. wants to sell you an annuity... The Good Life Insurance Co. wants to sell you an annuity

MC Qu. 6-A7 The Good Life Insurance Co. wants to sell you an annuity...

The Good Life Insurance Co. wants to sell you an annuity which will pay you $780 per quarter for 25 years. You want to earn a minimum rate of return of 6.3 percent. What is the most you are willing to pay as a lump sum today to buy this annuity?

	$42,733.47
	$52,013.85
	$50,552.74
	$38,771.98
	$39,145.40

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