Question: Your folks just called and would like some advice from

Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for $21,074.25 that will pay them $3,000 per year for 20 years. They don’t have the slightest idea what return they would be making on their investment of $21,074.25. What rate of return would they be earning?


View Solution:


Sale on SolutionInn
Sales1
Views288
Comments
  • CreatedOctober 31, 2014
  • Files Included
Post your question
5000