Question
You just inherited some money, and a broker offers to sell you an annuity that pays $5000 at the end of each year for 20
You just inherited some money, and a broker offers to sell you an annuity that pays $5000 at the end of each year for 20 years. You could earn 5% on your money in other investment with equal risk. What is the most you should pay for the annuity?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
