Google Answers: Finance

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Q: Finance ( No Answer, 0 Comments )

Question

Subject: Finance
Category: Business and Money > Finance
Asked by: muffy9999-ga
List Price: $5.00

Posted: 16 May 2005 11:30 PDT
Expires: 16 May 2005 12:57 PDT
Question ID: 522265

Mrs. Brown may elect to take a lump-sum payment of $50,000 from her
insurance policy or an annuity of $5,650 annually as long as he lives.
 How long must Mrs. Brown anticipate living for the annuity to be
preferable to the lump sum if his opportunity rate is 8 percent?

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