Calculating the Rate of Return for Annuities

Calculating the Rate of Return for Annuities

Your insurance agent is trying to sell you an annuity that costs $230,000 today. By buying this annuity, your agent promises that you will receive payments of $1,225 a month for the next 30 years. What is the rate of return on this investment?

smilesmilePLACE THIS ORDER OR A SIMILAR ORDER WITH WWW.SPEEDESSAYS.COM TODAY AND GET AN AMAZING DISCOUNT

get-your-custom-paper


Click the button below to get a SPEEDY custom-written paper.