Question
MC Qu. 6-A9 You are considering an annuity which costs... You are considering an annuity which costs $90,500 today. The annuity pays $6,200 a year.
MC Qu. 6-A9 You are considering an annuity which costs...
| You are considering an annuity which costs $90,500 today. The annuity pays $6,200 a year. The rate of return is 6 percent. What is the length of the annuity time period? (Do not round intermediate calculations.) |
rev: 09_26_2013_QC_36309
| 17.90 years | |
| 14.60 years | |
| 35.80 years | |
| 64.83 years | |
| 8.54 years |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Entrepreneur's Growth Startup Handbook 7 Secrets To Venture Funding And Successful Growth
Authors: David N. Feldman
1st Edition
1118445651, 978-1118445655
