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An Annuity Costs $185,000 Today and Provides Monthly Payments of $650

Question 69

Multiple Choice

An annuity costs $185,000 today and provides monthly payments of $650 for 40 years.The first payment occurs one month from today.What annual rate of return does this annuity offer?


A) 2.40%
B) 2.88%
C) 3.16%
D) 4.22%
E) 4.55% An annuity costs $185,000 today and provides monthly payments of $650 for 40 years.The first payment occurs one month from today.What annual rate of return does this annuity offer? A) 2.40% B) 2.88% C) 3.16% D) 4.22% E) 4.55%

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