Ms. Walters want to have $270,000 annual income every year for the next 30 years. If she can earn an average rate of return of 4 percent, how much does Ms. Walters need to put down today to have $270,000 annual income every year for the next 30 years?

 

Answer rating: 100% (QA)

To calculate the present value of an annuity which represents the amount Ms Walters needs to ... View the full answer