Question: How much would you pay today for this annuity? It will payout $660 each quarter for 30 years. Your desired annual interest return is 5.1

How much would you pay today for this annuity? It will payout $660 each quarter for 30 years. Your desired annual interest return is 5.1 %. (Don't forget to adjust the interest rate for quarterly, in addition to the time period.)

$51,208.55
$50,744.51
$40,446.87
$42,638.67
$40,124.72

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!