Chance to buy an annuity, You have a chance to buy an

Chance to buy an annuity

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Reference no: EM13922953

You have a chance to buy an annuity that pays $3,050 at the beginning of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?

Reference no: EM13922953

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Chance to buy an annuity : You have a chance to buy an annuity that pays $3,050 at the beginning of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity?

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