Question: SHOW ANSWER ROUNDED TO TWO DECIMAL POINTS THIS ALL ONE QUESTION. THEY ARE TOGETER Question 20 1 pts 20. You purchase an annuity paying $120

SHOW ANSWER ROUNDED TO TWO DECIMAL POINTS

THIS ALL ONE QUESTION. THEY ARE TOGETER SHOW ANSWER ROUNDED TO TWO DECIMAL POINTS THIS ALL ONE QUESTION.

Question 20 1 pts 20. You purchase an annuity paying $120 monthly for 20 years at a discount rate of 7.4%. What was the amount of your investment? 15,009.58 Question 21 1 pts 21. After ten years you need cash and decide to sell the annuity to your sister-in-law for a lump sum. The current rate of return on investment instruments with similar risk is 6%. What would be a fair price

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