Question
The Good Life Insurance Co. wants to sell you an annuity which will pay you $684 per quarter for 23 years. You want to earn
The Good Life Insurance Co. wants to sell you an annuity which will pay you $684 per quarter for 23 years. You want to earn a minimum rate of return of 9.77 percent APR. What is the most you are willing to pay as a lump sum today to buy this annuity?
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The Wealthtech Book The FinTech Handbook For Investors Entrepreneurs And Finance Visionaries
Authors: Susanne Chishti, Thomas Puschmann
1st Edition
1119362156, 978-1119362159
