An insurance agent is trying to sell you an annuity, that will provide you with 10,600 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 5%. What is the present value of the annuity?

Solución

An insurance agent is trying to sell you an annuity, that will provide you with 10, 600 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 5%. What is the present value of the annuity?

Solución

Principal : 4240

Pasos de solución

Translate the problem into an equation:

10600 = P (1 + 0.05 \cdot 30)

Resolver para

P, 10600 = P (1 + 0.05 \cdot 30) : P = 4240

Principal : 4240

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An insurance agent is trying to sell you an​ annuity, that will provide you with ​10,600 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 5​%. What is the present value of the​ annuity?

Solución

Solución

Ejemplos populares

An insurance agent is trying to sell you an annuity, that will provide you with 10,600 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 5%. What is the present value of the annuity?