Ask Question
26 August, 15:30

You are considering an annuity that costs $160,000 today. the annuity pays $17,500 a year at an annual interest rate of 7.5 percent. what is the length of the annuity time period?

+3
Answers (1)
  1. 26 August, 17:04
    0
    N=log ((1 - (160,000*0.075

    :17,500)) ^ (-1)) : log (1

    +0.075)

    =16 years
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You are considering an annuity that costs $160,000 today. the annuity pays $17,500 a year at an annual interest rate of 7.5 percent. what ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers