Question 6 You are planning purchasing an annuity that pays you $ 70,000 per year...
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Question 6 You are planning purchasing an annuity that pays you $ 70,000 per year starting when you retire 40 years from today.i. 30 years after retiring, t.e. a total of 31 payments including the first one, what should be the value today of the annuity $170,934.24 $162,794.52 $155,042.40 $152,851.32 y.i.e. the first $70,000 will get paid 40 years from now. If your discount rate is 5%, compounded annually, and you plan to live for Lity
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