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You just inherited some money, and a broker offers to sell you an annuity that pays $4,400 at the end of each year for 20
You just inherited some money, and a broker offers to sell you an annuity that pays $4,400 at the end of each year for 20 years. You could earn 4.8% on your money in other investments with equal risk. What is the most you should pay for the annuity? a. $58,452.88 O b. $54,052.88 c. $92,224.00 d. $57,419.51 O e. $55,775.65
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