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You have an opportunity to purchase an annuity from an insurance company that offers to pay you $ 4 , 0 0 0 a year

You have an opportunity to purchase an annuity from an insurance company that offers to pay you $ $4, 000$ a year for $20$ years. If you want to earn a rate of return of at least $6.50 %,$ what is the most you are willing to pay today to buy this annuity?

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You have an opportunity to purchase an annuity from an insurance company that offers to pay you $ 4 , 0 0 0 a year

You have an opportunity to purchase an annuity from an insurance company that offers to pay you $4,000 a year for 20 years. If you want to earn a rate of return of at least 6.50%, what is the most you are willing to pay today to buy this annuity?

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You have an opportunity to purchase an annuity from an insurance company that offers to pay you $ $4, 000$ a year for $20$ years. If you want to earn a rate of return of at least $6.50 %,$ what is the most you are willing to pay today to buy this annuity?