Post a New Question

Algebra

posted by on .

Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $50,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 5% compounded annually?

  • finance - ,

    PV of 50000 today @ 5% is to be calculated here.
    Answer is $11,568.87

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question