1 - San Francisco State University - Where to buy an annuity

10. Your father is about to retire, and he wants to buy an annuity that will provide him with $50,000 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 6%. How much would it cost him to buy the annuity … ................
................

In order to avoid copyright disputes, this page is only a partial summary.