Question: I am using the BA 2 Plus calculator. If you can explain how to solve this problem using the calculator I would appreciate it. I'm

I am using the BA 2 Plus calculator. If you can explain how to solve this problem using the calculator I would appreciate it. I'm preparing for my exam so knowing how to do it on the calculator would be helpful. Thanks!

Use this information for Problems 29-30. Your grandparents are considering using a portion of their retirement savings to purchase an annuity. Their current mix of stocks and bonds return 6% annually, which they perceive as their required rate of return. The annuity in question pays $20,000 per year for the next 10 years, at an asking price of $160,000. Is this a fair price? 0 No because they would be overpaying. O No because they don't have enough information to know. 0 Yes because $200,000 is more than $160,000. 0 Yes because they would be paying less than the future cashows are worth. QUESTION 30 Calculate the annuity factor if the Required Rate of Return is 6.25%, O 6.79 O 7.66 O 8.11 O 4.00 O 7.27

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