An insurance agent is trying to sell you an annuity, that will provide you with $16700 at the end of each year for the next 25 years. If you don't purchase this annuity, you can invest your money and earn a return of 7%. What is the present value of the annuity?

Answer rating: 100% (QA)

Examples of annuities are regular deposits to a savings account ... View the full answer