Question
question 18 help Ralphie is nearing retirement and is considering an annuity offer from New York Insurance Corp, which promises to pay him $20,000 on
Ralphie is nearing retirement and is considering an annuity offer from New York Insurance Corp, which promises to pay him $20,000 on the last day of each year, for 25 years. If Ralphie believes that he could earn 7% if he invested his money himself present value to Ralphie of this offer is:
O $525.000
O $281.879
O $500,000
O $233.072
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Control And Audit Of Minicomputer Systems
Authors: British Computer Society
1st Edition
0471261866, 978-0471261865
