8. Your mother and father are retired and need income to live on. The local financial advisor offers to sell them a product that will provide them $75,000 a year for 15 years. Prevailing interest rates are 8%. The cost to purchase the product is $750,000.
   1. They asked you to evaluate the offer. Do you recommend they purchase the product? Why?
   2. If prevailing interest rates were 5%, would it change your recommendation? Why?