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Home / Questions / assume that Show transcribed image text Assume that you just inherited an annuity that w

assume that Show transcribed image text Assume that you just inherited an annuity that w

assume that

Show transcribed image text Assume that you just inherited an annuity that will payyou $10,000 per year for 10 years, with the first payment being made today. A friend of your mother offers to give you $60,000 for the annuity. If you sell it, what rate of return would your mother's friend earn on his investment? If you think a "fair" return would be 6%, how much should you ask for the annuity? (13.70%; $78,016.92)

Dec 03 2019 View more View Less

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