Geraldine was injured in a car accident, and the insurance company has offered her the choice of $25,000 per year for 15 years, with the first payment being made today, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave her as well off financially as with the annuity?
A. $225,367
B. $237,229
C. $249,090
D. $261,545
E. $274,622
Answer: B
You might also like to view...
In the liquidity-preference model, a decline in prices causes the
A. money supply curve to shift to the right. B. money supply curve to shift to the left. C. money demand curve to shift to the left. D. money demand curve to shift to the right.
A basic feasible solution satisfies the model constraints and has the same number of variables with negative values as there are constraints
Indicate whether this statement is true or false.
Why do some jurisdictions consider that the attorney-client privilege has not been waived in cases where privileged materials have been inadvertently disclosed to the other party?
What will be an ideal response?
Server-side ActiveX components are instantiated by passing the name of the component as a string to ________ object method ________
(a) Request, ActiveX (b) Response, ActiveX (c) Server, CreateObject (d) Server, CreateActiveX