How much would be willing to pay for ordinary annuity


How much would you be willing to pay for a 10-year ordinary annuity if the payments are $500 per year and the rate of return is 6.25% annually?

1) 3,423

2) $3,637

3) $3,864

4) $4,132

Solution Preview :

Prepared by a verified Expert
Finance Basics: How much would be willing to pay for ordinary annuity
Reference No:- TGS0673199

Now Priced at $5 (50% Discount)

Recommended (97%)

Rated (4.9/5)