Question
You just inherited some money, and a broker offers to sell you an annuity that pays $5,000 at the end of each year for 20
You just inherited some money, and a broker offers to sell you an annuity that pays $5,000 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
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Software Reviews And Audits A How To Guide For Project Staff
Authors: Dr David Tuffley
1st Edition
1461130468, 978-1461130468
