Solved: What is the rate of return on the investment, Finance Basics

+44 141 628 6080
[email protected]

What is the rate of return on the investment

Question: Your insurance agent is trying to sell you an annuity that costs $230,000 today. By buying this annuity, your agent promises that you will receive payments of $1,225 a month for the next 30 years. What is the rate of return on this investment?

Solution Preview :

Prepared by a verified Expert

Finance Basics: What is the rate of return on the investment

Reference No:- TGS02035327

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Prepare kingdoms amortization schedule

Prepare Kingdom's amortization schedule for the lease terms. Prepare all the journal entries for Kingdom for 2012. Assume a calendar year fiscal year.

Q : How much you need in account today to meet expense needs

How much do you need to have in your account today to meet your expense needs over the next 4 years?

Q : Find the simplest parallel circuit

Find the element or elements that must be in the closed container of Fig. to satisfy the conditions.

Q : Receiving annuity payments for life

Hunter retired last year and will receive annuity payments for life from his employer's qualified pension plan of $30,000 per year starting this year.

Q : What is the rate of return on the investment

Your agent promises that you will receive payments of $1,225 a month for the next 30 years. What is the rate of return on this investment?

Q : Formulate an lp to maximize lcdc profit

The Las Cruces Door Company (LCDC) designs three types of doors: Standard, HighSecurity, MaxSecurity. Each door requires different amounts of machine

Q : How inflation-purchasing power impacts nominal interest rate

Explain how inflation or purchasing power impacts stated or nominal interest rates.

Q : Create the phasor diagram of the currents

Find the series circuit of one resistive and reactive element that will have the same impedance as the original circuit.

Q : Find the sample size-large-scale integrated

Large-scale integrated (LSI) circuit chips are made in one department of an electronics firm.

1943368

Questions
Asked

3,689

Active Tutors

1431246

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported