Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 5.25%. How much would it cost him to buy the annuity today?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income a year for 20 years, with the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
In its ads for athletic shoes, Sleek Feet LLC uses a trademark that is similar, but not identical, to the famous, registered mark of Thor, Inc. Sleek Feet's unauthorized use of the mark constitutes trademark dilution, provided thata.
Answers (1)
Given Required ROR (k) = Rf + Risk Premiumxßi If a firm's ß is 3, and the market return is 10%, what is the required return on the firm's stock if the risk-free rate is 5%?
Answers (1)
In a portfolio of two different investments, the overall riskiness of the portfolio, at least in theory, could be less than the risk inherent in either of the individual assets if they were held in isolation. Select one: a. True b. False
Answers (1)
What kinds of unemployment is Naomi experiencing if she has a degree in a field that is experiencing a great deal of growth at the moment but is having a difficult time finding work because she just moved to a new city and does not know anyone yet?
Answers (1)
Peyton Taylor drew a map with scale 1 cm to 10 miles. On his map, the distance between Silver City and Golden Canyon is 3.75 cm. What is the actual distance between Silver City and Golden Canyon?
Answers (1)
New Questions in Business
When the Central Bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is A) following an expansionary monetary policy. B) following a contractionary monetary policy.
Answers (1)
Which types of food items have labor "built in" to their prices? a. make or buy items b. convenience items c. scratch items d. standard items?
Answers (2)
This is a type of individual retirement account that is usually not taxed when money is withdrawn from the account
Answers (1)
Last year, Goran had $30,000 to invest. He invested some of it in an account that paid 7% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year.
Answers (1)
A function that indicates the maximum output per unit of time that a firm can produce, for every combination of inputs with a given technology, is called A. a production possibility curve. B. a production function. C. an isocost function. D.
Answers (1)