Question
You want to buy an annuity that will pay you $1000 per year for 20 years. You find an account that will pay 4% per
You want to buy an annuity that will pay you $1000 per year for 20 years. You find an account that will pay 4% per year, compounded annually. How much must you deposit today in order to fund this annuity? Round answer to the nearest dollar.
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Handbook On Second Lien Loans & Intercreditor Agreements
Authors: Mark N. Berman, Jo Ann J. Brighton
1st Edition
0981865593, 978-0981865591
