This topic contains a solution. Click here to go to the answer

Author Question: Your pension plan has two alternative payout methods. The first is a lump sum of $300,000 on your ... (Read 37 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
Your pension plan has two alternative payout methods. The first is a lump sum of $300,000 on your 65th birthday. The second is ordinary annuity with the first payment on your 66th birthday and the last payment on your 85th birthday. If the interest rate is 10.5%, then what size annuity payment would equate the value of the two alternatives?
◦ $36,447.98
◦ $35,911.96
◦ $37,059.21
◦ $35,237.89
◦ $34,687.32


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by brutforce on Apr 25, 2021

olivia_paige29

  • Sr. Member
  • ****
  • Posts: 334
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly




brutforce

  • Member
  • Posts: 540
Reply 2 on: Apr 25, 2021
:D TYSM


Mochi

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

For a complete list of videos, visit our video library