Question
Your father is considering purchasing an annuity that pays $7,000 at the beginning of each year for 15 years. He could earn 2.5% on his
Your father is considering purchasing an annuity that pays $7,000 at the beginning of each year for 15 years. He could earn 2.5% on his money in other investments with equal risk. What is the most he should pay for the annuity?
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Financial Times Guide To The Financial Markets
Authors: Glen Arnold
1st Edition
0273730002, 978-0273730002
