Question
You invest $100,000 today in an annuity. In return, you expect to receive consecutive annual payments of $10,000 starting next year. If the interest rate
You invest $100,000 today in an annuity. In return, you expect to receive consecutive annual payments of $10,000 starting next year. If the interest rate is 7%, how many years will it take to make this investment worth it?
a) 16.05 years
b) 16.90 years
c) 18.54 years
d) 17.79 years
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
