Roy is thinking about his retirement and has approached DemLife regarding an annuity when he retires. he

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Roy is thinking about his retirement and has approached DemLife regarding an annuity when he retires. he currently (1st Jan'23) has $25,000 to invest today and he is sure he can contribute $12,000 per year for 30 years starting at the end of the this year. After year 30 he will retire and wishes to purchase a 25 years annuity whose first payment will be on the first day of the 31st year from today. What would his annual annuity payment be if the interest rate is 8%

Posted Date: May 18, 2024 02:18 PM

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Roy is thinking about his retirement and has approached DemLife regarding an annuity when he retires. he

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