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15 June, 22:12

Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 5.25%. How much would it cost him to buy the annuity today?

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  1. 15 June, 23:39
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    Defined the answer multiplied $80,000 by 20, once you get that answer multiply that by 0 5.25, then whatever you get is the answer. You're welcome, tea sis, shook, can't relate, be smarter
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