Business Studies, asked by kassandragvndr6435, 1 year ago

Your father is about to retire, and he wants to buy an annuity that will provide him with $50,000 of income a year for 20 years, with the first payment coming immediately. the going rate on such annuities is 6%. how much would it cost him to buy the annuity today?

Answers

Answered by Jaishish

0

the answer to this question is $54000

Answered by bidisha2006

0

The answer is $54000
....

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