Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income a year for 20 years,

Question

2 years ago

8

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income a year for 20 years,

with the first payment coming immediately. The going rate on such annuities is 5.25%. How much would it cost him to buy the annuity today?

Business

1 answer:

ivolga24 [154] · Answer 1 · 2023-03-20T20:23:36+03:00

ivolga24 [154]2 years ago

7 0

Defined the answer multiplied $80,000 by 20, once you get that answer multiply that by 0 5.25, then whatever you get is the answer. You're welcome, tea sis, shook, can't relate, be smarter