Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
12. Which of these is an example of a single-payment fixed annuity ?
An annuity with a minimum APR of 3.4% into which you invest a lump sum of $12,500.
An annuity with an APR of 3.4% into which you invest a lump sum of $12,500
An annuity with an APR of 3.4% into which you invest $2500 each year.
An annuity with a minimum APR of 3.4% into which you invest $2500 each year.
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