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Metlife is offering a ML-A that pays out $5,000 monthly from the end of Apr 2023 to the end of Dec 2040 with an interest
Metlife is offering a "ML-A" that pays out $5,000 monthly from the end of Apr 2023 to the end of Dec 2040 with an interest rate 5.4% compounded monthly. a. Metlife plans to charge $680,000 for any investors buying "ML-A" on Jan 1, 2023, how much it should be worth on that day and please explain whether "ML-A" represents a good offer to any investor buying "ML-A" on Jan 1, 2023? (15 points)
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