Kasey is 72 years old.She purchased a single life annuity contract that will pay her $10,000 per year for 15 years.The expected return under the contract is:

Name: Kasey is 72 years old.She purchased a single life annuity contract that will pay her $10,000 per year for 15 years.The expected return under the contract is:
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Question

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The expected return under the contract is the total amount Kasey will receive over the 15 years, which is $10,000 per year multiplied by 15 years, equaling $150,000.

Kasey Is 72 Years Old