Question
You just inherited some money, and a broker offers to sell you an annuity that pays $10,000 at the end of each year for 30
You just inherited some money, and a broker offers to sell you an annuity that pays $10,000 at the end of each year for 30 years. You could earn 4% on your money in other investments with equal risk. What is the most you should pay for the annuity?
| $3,083.19 | ||
| $32,433.98 | ||
| $560,849.38 | ||
| $172,920.33 | ||
| $300,000 |
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Financial Crimes
Authors: Maximilian Edelbacher, Peter Kratcoski, Michael Theil
1st Edition
0367866528, 978-0367866525
