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11 August, 08:24

Assume that you own an annuity that will pay you $15,000 per year for 12 years, with the first payment being made today. You need money today to start a new business, and your uncle offers to give you $120,000 for the annuity. If you sell it, what rate of return would your uncle earn on his investment?

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  1. 11 August, 11:48
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    it all depends on the interest rate you and your uncle agree too because its from a private party, if it was from the bank on the other hand you could expect anywhere from a 5-18% interest rate depending on your credit and a few other factors
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