You could earn 45 on c what is the most you should pay for


You have a chance to buy an annuity that pays $11,000 at the beginning of each year for 5 years. You could earn 4.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?

a. $59,546.08

b. $55,509.06

c. $41,884.11

d. $50,462.78

e. $63,078.48

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You could earn 45 on c what is the most you should pay for
Reference No:- TGS02292865

Expected delivery within 24 Hours