Question: Please use Excel to show work. Thank you! You have become very interested in investing. You purchase an annuity for $18,000 today. The annuity will

 Please use Excel to show work. Thank you! You have become

Please use Excel to show work. Thank you!

You have become very interested in investing. You purchase an annuity for $18,000 today. The annuity will pay you $2,750 every year for the next 15 years. You want a real return of 5.5%. You estimate inflation to be 6.2% over the next 15 years. Should you invest in the annuity? You must provide evidence for your claim. You have become very interested in investing. You purchase an annuity for $18,000 today. The annuity will pay you $2,750 every year for the next 15 years. You want a real return of 5.5%. You estimate inflation to be 6.2% over the next 15 years. Should you invest in the annuity? You must provide evidence for your claim

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