Question
In: Finance
Your insurance agent is trying to sell you an annuity that costs $60,000 today. By buying...
Your insurance agent is trying to sell you an annuity that costs $60,000 today. By buying this annuity, your agent promises that you will receive payments of $315 per month for 30 years. What is the rate of return expressed as an APR on this investment? Multiple Choice 4.44% 4.81% 4.00% 5.49% 4.72%
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jeff jeffy answered 2 years agoRelated Solutions
Your insurance agent is trying to sell you an annuity that costs $60,000 today. By buying...
Your insurance agent is trying to sell you an annuity that costs
$60,000 today. By buying this annuity, your agent promises that you
will receive payments of $475 per month for 15 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 $45,000 today. By buying...
Your insurance agent is trying to sell you an annuity that costs
$45,000 today. By buying this annuity, your agent promises that you
will receive payments of $380 per month for 15 years. What is the
rate of return expressed as an APR on this investment?
(a) 6.87%
(b) 5.01%
(c) 5.76%
(d) 6.01%
(e) 5.55%
An insurance agent is trying to sell you an annuity, that will provide you with $6...
An insurance agent is trying to sell you an annuity, that will
provide you with
$6 comma 5006,500
at the end of each year for the next
1515
years. If you don't purchase this annuity, you can invest your
money and earn a return of
77%.
What is the most you would pay for this annuity right now?
Ignoring taxes, the most you would pay for this annuity is
$nothing .
An insurance agent is trying to sell you an annuity, that will provide you with $6,500...
An insurance agent is trying to sell you an annuity, that will
provide you with $6,500 at the end of each year for the next 15
years. If you don't purchase this annuity, you can invest your
money and earn a return of 7%. What is the most you would pay for
this annuity right now?
And insurance agent is trying to sell you an immediate retirement annuity, which for a single...
And
insurance agent is trying to sell you an immediate retirement
annuity, which for a single amount paid today will provide you with
$8000 at the end of each year for the next 15 years, you currently
earning 9% on low risk investments comparable to the retirement
annuity ignore taxes what is the most you would pay for this
annuity?
An insurance agent is trying to sell you an immediate-retirement annuity, which for a single amount...
An insurance agent is trying to sell you an immediate-retirement
annuity, which for a single amount paid today will provide you with
R12 000 at the end of each year for the next 25 years. You
currently earn 9% on low-risk investments comparable to the
retirement annuity. Calculate the most you would pay today.
1. R103 476.97
2. R108 629.85
3. R113 181.83
4. R117 870.96
An insurance company is trying to sell you a retirement annuity. The annuity will give you...
An insurance company is trying to sell you a retirement annuity.
The annuity will give you 20 payments with the first payment in 12
years when you retire. The insurance firm is asking you to pay
$50,000 today. If this is a fair deal, what must the payment amount
be (to the dollar) if the interest rate is 8 percent?
please show in excel
An insurance agent is trying to sell you an annuity, that will provide you with $19,800 at the end of each year for the next 30 years.
Value of a retirement annuity Personal Finance
Problem An insurance agent is trying to sell you an annuity, that will
provide you with $19,800 at the end of each year for the next
30 years. If you don't purchase this annuity, you can invest your
money and earn a return of 7%.What is the most you would pay for this annuity right now?Ignoring taxes, the most you would pay for this annuity is $______. (Round to the nearest cent.)
An insurance company is offering an annuity product that costs$30,000 today and entitles you to...
An insurance company is offering an annuity product that costs
$30,000 today and entitles you to receive ten annual payments of
$3,750 from the insurance company. What interest rate is embedded
in the pricing of this annuity product?
An insurance company is offering an annuity product that costs 30,000 today and entitles you to...
An insurance company is offering an annuity product that costs
30,000 today and entitles you to receive ten annual payments of
3750 from the insurance company. what interest rate is embedded in
the pricing of this annuity product?
a- 4.28%
b- 3.18%
c-4.56%
d 3.86%
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