Question
You just paid $750,000 for an annuity that will pay you and your heirs $36,000 a year forever. What rate of return are you earning
You just paid $750,000 for an annuity that will pay you and your heirs $36,000 a year forever. What rate of return are you earning on this policy?
4.80%
4.72%
5.10%
5.33%
4.75%
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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