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You have a chance to buy an annuity that pays $10,000 at the beginning of each year for 10 years. You could earn 5.75% on
You have a chance to buy an annuity that pays $10,000 at the beginning of each year for 10 years. You could earn 5.75% on your money in other investments with equal risk. What is the most you should pay for the annuity?
$74,480.54 | ||
$78,763.17 | ||
$130,270.64 | ||
$137,761.20 |
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