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samualson samualson
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6 years ago
Charlie wants to retire in 15 years, and he wants to have an annuity of $50,000 a year for 20 years after retirement. Charlie wants to receive the first annuity payment the day he retires. Using an interest rate of 8%, how much must Charlie invest today in order to have his retirement annuity (rounded to nearest $10)?
A) $167,130
B) $200,450
C) $256,890
D) $315,240
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#1
6 years ago
 A
 
samualson Author
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#2
6 years ago
You are really a genius. Thanks
wrote...
#3
6 years ago
NP
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