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How many years of annuity payments will you receive

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Reference no: EM132992352

Question - You are considering an annuity which costs $100,000 today. The annuity pays $6,000 a year at the Beginning of each year. The rate of return is 4.5 percent. How many years of annuity payments will you receive?

A. 24.96 years

B. 29.48 years

C. 28.73 years

D. 33.08 years

E. 38.00 years

Reference no: EM132992352

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