What is the rate of return on this investment

Assignment Help Financial Management

Reference no: EM131927858

Your insurance agent is trying to sell you an annuity that costs $230,000 today.

By buying this annuity, your agent promises that you will receive payments of $1,225 a month for the next 30 years.

What is the rate of return on this investment?

Reference no: EM131927858

Questions Cloud

Calculate the change in net worth if interest rates decrease : Calculate the change in net worth if interest rates decrease by 20 basis points.

What would the value of the deposits be : What would the value of the deposits be when the policy matures?An insurance company is offering a new policy to its customers.

Identify two physician collaboration issues in texas : Review practice agreements in your state(texas). Identify at least two physician collaboration issues in your state(texas).

About portfolio performance measurement includes : The correct statement about portfolio performance measurement includes:

What is the rate of return on this investment : By buying this annuity, your agent promises that you will receive payments of $1,225 a month for the next 30 years.

Your realized return is known as the holding period yield : The YTM on a bond is the interest rate you earn on your investment if interest rates don’t change. your realized return is known as the holding period yield

Define the term population at risk : Define the term population at risk and indicate which of the elementary students are not at risk. Also describe the difference between incidence and prevalence.

Why are skills important for public speaking : After reading the article mentioned about 25 skills identify two or three points that really stood out to you on the list. Why did they stand out?

Describe the differences in the leading causes of mortality : Describe the differences in the leading causes of mortality in the United States and in a developing country of your choice (for the year 2010-2014).

User Account

All Pages