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Annuity/APR/EAR question?

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Try this site where you can compare quotes from different companies: WWW.ANNUITY-HELP.US …

Try this site where you can compare quotes from different companies: WWW.ANNUITY-HELP.US
Annuity/APR/EAR question?
Professor's Annuity Corp offers a lifetime annuity to retiring professors. For a payment of $80,000 at age 65, the firm will pay the retiring professor $600 a month until death.
a. If the professor's remaining life expectancy is 20 years, what is the monthly rate on this annuity? What is the EAR? APR?

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  • 1. Annuity/APR/EAR question? Professor's Annuity Corp offers a lifetime annuity to retiring professors. For a a payment of $80,000 at age 65, the firm will pay the retiring professor $600 a month until death. a. If the professor's remaining life expectancy is 20 years , what is the monthly rate on this annuity? What is the EAR? APR? BEST ANSWER Try this site where you can compare quotes from different companies: WWW.ANNUITY-HELP.US