An annuity currently costs $ 1 8 , 0 0 0 . It promises to pay $

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Question:

An annuity currently costs $

18, 000 .

It promises to pay $

3, 000

each year for the next

10

years. You want a real rate of return of

9 %

and inflation is estimated to average

3 %

per year. Should you buy the annuity

Posted Date: May 18, 2024 11:02 PM

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An annuity currently costs $ 1 8 , 0 0 0 . It promises to pay $

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