"Your insurance agent is trying to sell you an annuity that costs $230,000 today. By buying...
|
"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? " |
Homework Answers
Add Answer to:
"Your insurance agent is trying to sell you an annuity that costs $230,000 today. By buying...
Your insurance agent is trying to sell you an annuity that costs $65,000 today. By buying...
Your insurance agent is trying to sell you an annuity that costs $65,000 today. By buying this annuity, your agent promises that you will receive payments of $345 per month for 25 years. What is the rate of return expressed as an APR on this investment?
Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying...
Your insurance agent is trying to sell you an annuity that costs $75,000 today. By buying this annuity, your agent promises that you will receive payments of $500 per month for 20 years. What is the rate of return expressed as an APR on this investment?
Question 19 1 pts Your insurance agent is trying to sell you an annuity that costs...
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
Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you...
Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount paid today will provide you with $11,100 at the end of each year for the next 15 years You currently earn 7% on lovrisk investments comparable to the retrement annuity Ignoring taxes, what is the most you would pay for this annuity? ignoring taxes, the most you would pay for this annuity leu (Round to the...
Using a financial calculator please. Today, Ava Crowder signed loan papers agreeing to borrow $4,954.85 at...
Using a financial calculator please.
Today, Ava Crowder signed loan papers agreeing to borrow $4,954.85 at 9% compounded monthly. The loan payment is $143.84 a month. How many loan payments must Ava make before the loan is paid in full? A. 36 B. 39 c.) 40 D. 41 Lester Nygaard is trying to sell you an annuity that costs $184,000 today. By buying this annuity, Nygaard promises that you will receive payments of $980 per month for the next 30...
You estimate that you will owe $45,300 in student loans by the time you graduate. The...
You estimate that you will owe $45,300 in student loans by the time you graduate. The interest rate is 4.25 percent. If you want to have this debt paid in full within ten years, how much must you pay each month? 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...
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...
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 for 50 years. You could earn 8% on your money in other investments with equal risk. What is the most you should pay today for the annuity? 2. You have a chance to buy an annuity that pays $85,000 at the beginning of each year for 20 years. You could earn 12.5% on your money in...
Atlas Insurance wants to sell you an annuity which will pay you $600 per quarter for...
Atlas Insurance wants to sell you an annuity which will pay you $600 per quarter for 20 years. You want to earn a minimum rate of return of 5.0 percent compounded quarterly. What is the most you are willing to pay as a lump sum today to buy this annuity?
10A) The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that...
10A) The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $30233 per year forever. If the required return on this investment is 8 percent, how much will you pay for the policy? 10B) The Maybe Pay Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $27437 per year forever. Suppose a sales associate told you the policy costs $501647....
An insurance company is trying to sell you an investment policy that will pay you and...
An insurance company is trying to sell you an investment policy that will pay you and your heirs $50,000 per year forever. If the required return on this investment is 5.4 percent, how much will you pay for the policy? A.$1,265,455.25 B.$1,627,950.42 C.$872,688.17 D.$925,925.93 Beginning three months from now, you want to be able to withdraw $2,300 each quarter from your bank account to cover college expenses. The account pays 1.45 percent interest per quarter. How much do you need...
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
Value of a retirement annuity Personal Finance Problem An insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount paid today will provide you with $11,100 at the end of each year for the next 15 years You currently earn 7% on lovrisk investments comparable to the retrement annuity Ignoring taxes, what is the most you would pay for this annuity? ignoring taxes, the most you would pay for this annuity leu (Round to the...
Using a financial calculator please.
Today, Ava Crowder signed loan papers agreeing to borrow $4,954.85 at 9% compounded monthly. The loan payment is $143.84 a month. How many loan payments must Ava make before the loan is paid in full? A. 36 B. 39 c.) 40 D. 41 Lester Nygaard is trying to sell you an annuity that costs $184,000 today. By buying this annuity, Nygaard promises that you will receive payments of $980 per month for the next 30...
Most questions answered within 3 hours.
-
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 40 minutes ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 1 hour ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 2 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 3 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 5 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 5 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 5 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 5 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 5 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 5 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 5 hours ago