You just inherited some money, and a broker offers to sell you an annuity that pays $18,200 at the end of each year for 20 years. You could earn 5% on your money in other investments with equal risk. What is the most you should pay for the annuity?
A. $251,761.57
B. $269,906.55
C. $226,812.23
D. $190,522.27
E. $222,275.98
Answer: C
You might also like to view...
Which of the following is not a basic type of production layout format?
A. Assembly line B. Manufacturing cell layout C. Workcenter D. Process layout E. Project layout
Citizen suit provisions are common in federal and state environmental statutes.
Answer the following statement true (T) or false (F)
Sara, a traveler, visits a climate-controlled, lighted shopping center with retail stores on both sides of an enclosed walkway. What type of shopping center is this most likely to be?
A. Power center B. Enclosed shopping mall C. Neighborhood shopping center D. Lifestyle center E. Outlet center
The most heavily regulated industry in the United States is the
a. airline industry. b. securities industry. c. pharmaceutical industry. d. television industry.