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You want to buy an ordinary annuity that will pay you $4,000 a year for the next 20 years.

 You expect annual interest rates will be8 percent over that time period. The maximum price you would be willing to pay for the annuity is closest to

 

$32,000.

 

$39,272.

 

$40,000.

 

$80,000.

ERP Audit Management Project Management Business Development Management
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Question added by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date Posted: 2015/03/22
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Deleted user
by Deleted user

The correct answer is $39272

Deleted user
by Deleted user

Agree with your answer

Thanks

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Agreed with Mr. Emad<<<<<<<<<<<<<<<<<<<<

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

>>>>>>> The answer will be $39,272.

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