Please Help

posted by .

Suppose an insurance agent offers you a policy that will provide you with a yearly income of $230,000 in 20 years. What is the comparable annual salary today, assuming an inflation rate of 3%?. (Round your answer to the nearest cent.)

  • Please Help -

    Is Please Help the name of your subject?

  • Please Help with homework -

    Yes

  • Please Help -

    Gee -- I must have failed "Please Help" when I was in school. I remember nothing about such a class.

  • Please Help -

    Wow, pretty ignorant responses you have received. Would have taken less time to post the formula for the answer.

    230,000/1.03^20=

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. ALGEBRA

    Suppose an insurance agent offers you a policy that will provide you with a yearly income of $290,000 in 25 years. What is the comparable annual salary today, assuming an inflation rate of 4%?
  2. Algebra

    Suppose an insurance agent offers you a policy that will provide you with a yearly income of $230,000 in 20 years. What is the comparable annual salary today, assuming an inflation rate of 3%?
  3. ALGEBRA

    Suppose an insurance agent offers you a policy that will provide you with a yearly income of $280,000 in 20 years. What is the comparable annual salary today, assuming an inflation rate of 5%?
  4. math

    Suppose an insurance agent offers you a policy that will provide you with a yearly income of $230,000 in 30 years. What is the comparable annual salary today, assuming an inflation rate of 4%?
  5. math

    Suppose an insurance agent offers you a policy that will provide you with a yearly income of $120,000 in 30 years. What is the comparable annual salary today, assuming an inflation rate of 2%?
  6. math

    Suppose an insurance agent offers you a policy that will provide you with a yearly income of $190,000 in 30 years. What is the comparable annual salary today, assuming an inflation rate of 3%?
  7. Algebra

    Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $40,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 6% compounded annually?
  8. algebra

    Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $30,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 3% compounded annually?
  9. math

    Suppose that an insurance agent offers you a policy that will provide you with a yearly income of $80,000 in 30 years. What is the comparable salary today, assuming an inflation rate of 4% compounded annually?
  10. finance

    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 6% compounded annually?

More Similar Questions