You inherit an annuity that will pay you $10,000 per year for 30 years, with the first payment being made today. A fair return in
You inherit an annuity that will pay you $10,000 per year for 30 years, with the first payment being made today.
A fair return in the market approximates 9%.
How much should you ask for it if you decided to sell it?
Select one:
a. $112,577.83
b. $98,181.47
c. $111,982.83
d. $114,769.58
e. $99,556.30
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Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
