Business, 07.09.2019 03:20 shawnnoteman1234

Your grandmother bought an annuity from rock solid life insurance company for $200,000 when she retired. in exchange for the $200,000, rock solid will pay her $25,000 per year until she dies. the interest rate is 5%. how long must she live after the day she retired to come out ahead (that is, to get more in value than what she paid in)

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