1 a person age 37 wishes to set up an ordinary annuity so, Ask an Expert

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1. A person age 37 wishes to set up an ordinary annuity so that she will start to get paid $5,000 a year when she is 47 and throughout the rest of her life. What size premium would she have to pay?

2. Chuck, who is 57, wants an annuity that would pay him $5,000 a year for 15 years. How much would he have to pay for it in a single payment?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92061676

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