Your investment advisor wants you to purchase an annuity that will pay you $25,000 per year for 10 years. You require a 7% return. The present value annuity factor at 7% for 10 years is 7.0236. What is the most you should pay for this investment?
A. $49,179
B. $175,590
C. $201,000
D. $225,682
E. $250,000
Answer: B
Business
You might also like to view...
The participating feature of stock allows stockholders to sell stock back to the company
a. True b. False Indicate whether the statement is true or false
Business
In which situation is the market dominated by one seller?
A) pure monopoly B) monopolistic competition C) oligopolistic competition D) pure competition E) free market
Business
Describe in detail the common courtesies and confident body language an interviewee should display to create a favorable first impression
Business
An MRP II system refers to?
a. Milestone resource planning b. Manufacturing resource planning c. Mixed resource planning d. Mode requirements planning
Business