My aunt is about to retire and she wants to buy an annuity, Finance Basics

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My aunt is about to retire and she wants to buy an annuity

My aunt is about to retire and she wants to buy an annuity that will supplement her income by $65,000 per for 25 years beginning a year from today. The going rate on such annuities is 6.25%. How much would it cost to buy such an annuity today?

Note: Please use TVM (FV, I/Y, PV, N and PMT) on financial calculator

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Finance Basics: My aunt is about to retire and she wants to buy an annuity

Reference No:- TGS0637515

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: My aunt is about to retire and she wants to buy an annuity

Reference No:- TGS0637515

Recent Questions Asked Finance Basics

Q : A balloon was filled to a volume 250 l when the temperature

Q : Locate a current event concerning an international business

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