Multiple Choice
You have a chance to buy an annuity that pays $43,000 at the beginning of each year for 5 years.You could earn 4.5% on your money in other investments with equal risk.What is the most you should pay for the annuity?
A) $197,263.61
B) $215,017.33
C) $185,427.79
D) $244,606.87
E) $209,099.42
Correct Answer:
Verified
Correct Answer:
Verified
Q52: The greater the number of compounding periods
Q87: Your sister turned 35 today,and she is
Q88: At a rate of 10.0%,what is
Q89: Suppose a State of New York bond
Q91: Suppose you deposited $26,000 in a bank
Q93: You just inherited some money,and a broker
Q94: Sue now has $320.How much would she
Q95: Suppose you inherited $1,135,000 and invested it
Q96: Which of the following statements is CORRECT?<br>A)
Q97: What's the present value of $1,025 discounted