Respuesta :

Answer:

25 years

Step-by-step explanation:

Your annuity is $300,000 at age 60, the insurance company offers you to pay $1,000 per month.

$300,000/$1,000 = $300 monthly

$300 months/12 = 25 years to recover investment

You will have to live until age 85 to break even

Answer:

B is the A*Pex answer

Step-by-step explanation:

a. an annuity with a minimum APR of 3.4% into which you invest a lump sum of $12,500

b. an annuity with a minimum APR of 3.4% into which you invest $2500 each year.

c.  an annuity with an APR of 3.4% into which you invest a lump sum of $12,500

d.  an annuity with an APR of 3.4% into which you invest $2500 each year.

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