|
Title: After your grandmother retired, she purchased an annuity contract for $250,000 that will pay her ... Post by: johnpaech on Nov 19, 2017 After your grandmother retired, she purchased an annuity contract for $250,000 that will pay her $25,000 at the end of every year until she dies. The appropriate interest rate for this annuity is 8%. The number of years that your grandmother must live in order to get more value out of the annuity than what she paid for it is closest to:
A) 21 B) 16 C) 8 D) 10 Title: Re: After your grandmother retired, she purchased an annuity contract for $250,000 that will pay her ... Post by: deusmaroto on Nov 19, 2017 Content hidden
|