Your folks just called and would like some advice from you. An insurance agent just called...
Homework Answers
| Annual payment for 10 years | 1000 | |||
| Multiply: Annuity pVF at 6.40% for 10 years | 7.2226 | |||
| Present value of Annuity | 7222.6 | |||
| Annuity value | 7212.4 | |||
| Hence, rate of interest is | 6.40% | |||
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Your folks just called and would like some advice from you. An
insurance agent just called...
(Annuity interest rate) Your folks just called and would like some advice from you. An insurance...
(Annuity interest rate) Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for $36,179.88 that will pay them $4,000 per year for 15 years. They don't have the slightest idea what return they would be making on their investment of $36.179.88. What rate of return would they be earning? %. (Round to two decimal The annual rate of return your folks would be...
Homework: Chapter 5 Homework Save Score: 0 of 1 pt 20 of 21 (13 complcte) HW...
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Question 19 1 pts Your insurance agent is trying to sell you an annuity that costs...
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1. You just inherited some money, and a broker offers to sell you an annuity that pays $32,200 at the end of each year f...
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Need help, please show work for solutions. 1.) An investor just invested $10,000 in an investment that is expected to ea...
Need help, please show work for solutions. 1.) An investor just invested $10,000 in an investment that is expected to earn a 6% interest rate. Assuming the 6% annual return is realized, what will be the value of the investment at the end of 25 years? 2.) If you deposit $45,000 into a 5-year CD today earning 4% interest compounded quarterly, what would be the account balance be at the end of 5 years? 3.) A 22-year old college student...
(Annuity interest rate) Your folks just called and would like some advice from you. An insurance agent just called them and offered them the opportunity to purchase an annuity for $36,179.88 that will pay them $4,000 per year for 15 years. They don't have the slightest idea what return they would be making on their investment of $36.179.88. What rate of return would they be earning? %. (Round to two decimal The annual rate of return your folks would be...
Homework: Chapter 5 Homework Save Score: 0 of 1 pt 20 of 21 (13 complcte) HW Score: 56.9 % , 11.95 of 21 pts Problem 5-37 (similar to) Question Help (Solving for r in an annuity) Your folks just called and would ike some advice from you An insurance agent just caled them and offered them the opportunity to purchase an aneuty for $18,096.05 that will pay them $3,000 per year for 10 years, but they don't have the slighttest...
Question 19 1 pts Your insurance agent is trying to sell you an annuity that costs $100,000 today. By buying this annuity, your agent promises that you will receive payments of $384.40 a month for the next 40 years. What is the rate of return on this investment? O 3.45% O 3.47% 3.50% 3.52% 3.55% Question 20
OP You are an insurance agent who must write a policy for a new client named Sam. His company, Society for Creative Alternatives to Mayonnaise (SCAM), is working on a low-fat, low-cholesterol mayonnaise substitute for the sandwich-condiment industry. The sandwich industry will pay top dollar to the first inventor to patent such a mayonnaise substitute. Sam's SCAM seems like a very risky proposition to you. You have calculated his possible returns table as follows: Probability Return Outcome 0.999 $ -...
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