Business, 08.11.2019 20:31, itorres40

County ranch insurance company wants to offer a guaranteed annuity in units of $500, payable at the end of each year for twenty-five years. the company has a strong investment record and can consistently earn 7% on its investments after taxes. if the company wants to make 1% on this contract, what price should it set on it? use 6% as the discount rate. assume it is an ordinary annuity and the price is the same as present value.

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County ranch insurance company wants to offer a guaranteed annuity in units of $500, payable at the...