What is the most you are willing to pay as a lump

Reference no: EM13290723

Atlas Insurance wants to sell you an annuity, which will pay you $3,200 per quarter for 25 years. You want to earn a minimum rate of return of 6.5 percent. What is the most you are willing to pay as a lump sum today to buy this annuity? please show all work.

Answer

$151,008.24

$157,636.81

$167,489.11

$173,008.80

$179,827.59

Reference no: EM13290723

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