If an insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount

Asked by bizgrad
Dated: 11th Feb'18 12:52 PM
Bounty offered: $5.00

If an insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount paid today will provide you with $10000 at the end of each year for the next 30 years. You currently earn 12% on low risk investments comparable to the retirement annuity. Ignoring taxes what is the most you will pay for this annuity?

If an insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount
Answered by bizgrad
Expert Rating: 2377 Ratings
Dated: 11th Feb'18 12:52 PM
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