My aunt is about to retire and she wants to buy an annuity, Finance Basics

+44 141 628 6080
[email protected]

My aunt is about to retire and she wants to buy an annuity

My aunt is about to retire and she wants to buy an annuity that will supplement her income by $65,000 per for 25 years beginning a year from today. The going rate on such annuities is 6.25%. How much would it cost to buy such an annuity today?

Note: Please use TVM (FV, I/Y, PV, N and PMT) on financial calculator

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: My aunt is about to retire and she wants to buy an annuity

Reference No:- TGS0637515

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : A balloon was filled to a volume 250 l when the temperature

A balloon was filled to a volume 2.50 L when the temperature was 30.0 degrees C. What would the volume become if the temperature dropped to 11.0 degrees C

Q : Locate a current event concerning an international business

locate a current event concerning an international business law issue. Unfortunately, in this day and age there seem to be many from which to choose. The event should be no more than 60 days old.

Q : Chemists studied the formation of phosgene by sealing 073

Chemists studied the formation of phosgene by sealing 0.73 atm of carbon monoxide and 0.98 atm of chlorine in a reactor at a certain temperature. The pressure dropped smoothly to 1.32 atm as the system reached equilbrium.

Q : A pulse from a ruby laser lambda 6943 nm has an average

A pulse from a ruby laser (lambda = 694.3 nm) has an average power of 20 MW and lasts 2.3 ns. What is the total energy of the pulse

Q : My aunt is about to retire and she wants to buy an annuity

Q : Find the area of steel reinforcement required for a

Find the area of steel reinforcement required for a concrete T-beam for the following data; f'c = 3 ksi, fy=60 ksi,d=18 in, t= 4.5 in., bw= 10 in., bf= 36 in., 3/4" aggregate, and the section sustains a total factored bending moment 82 k-ft.

Q : Refrierators are usually kept at about 5 degrees celcius

Refrierators are usually kept at about 5 degrees Celcius, while room temperature is about 20 degrees Celcius. If you were to take an "empty" sealed 2 liter soda bottle at room temperature and place it in the fridge, would you expect it to contract

Q : In may the company started 445300 and completed 427500

In May, the company started 445,300 and completed 427,500 units. May's ending inventory was 30 percent complete as to conversion.

Q : The nuclear mass of 141ba is 140883 amu calculate the

The nuclear mass of 141Ba is 140.883 amu. Calculate the binding energy per nucleon for 141Ba.

1951455

Questions
Asked

3,689

Active Tutors

1420431

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: My aunt is about to retire and she wants to buy an annuity

Reference No:- TGS0637515

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : A balloon was filled to a volume 250 l when the temperature

Q : Locate a current event concerning an international business

Q : Chemists studied the formation of phosgene by sealing 073

Q : A pulse from a ruby laser lambda 6943 nm has an average

Q : My aunt is about to retire and she wants to buy an annuity

Q : Find the area of steel reinforcement required for a

Q : Refrierators are usually kept at about 5 degrees celcius

Q : In may the company started 445300 and completed 427500

Q : The nuclear mass of 141ba is 140883 amu calculate the

How sociological models help understand mental illness

How is it rational for the owner of a factory or plantation

How the major schools of thought within sociology

Examine gender inequality on a global scale

How coastlines are vulnerable to multiple climate change

Symbolic interactionism took off as a theoretical approach

Cases of local communities using modern technology

Request for Solution File

Ask an Expert for Answer!!

Finance Basics: My aunt is about to retire and she wants to buy an annuity

Reference No:- TGS0637515

Recent Questions Asked Finance Basics

Q : A balloon was filled to a volume 250 l when the temperature

Q : Locate a current event concerning an international business

Q : Chemists studied the formation of phosgene by sealing 073

Q : A pulse from a ruby laser lambda 6943 nm has an average

Q : My aunt is about to retire and she wants to buy an annuity

Q : Find the area of steel reinforcement required for a

Q : Refrierators are usually kept at about 5 degrees celcius

Q : In may the company started 445300 and completed 427500

Q : The nuclear mass of 141ba is 140883 amu calculate the

Asked Questions