An insurance company offers an immediate annuity to one of your clients

| March 29, 2017

Question
An insurance company offers an immediate annuity to one of your clients, where he will get monthly payments of $1600 for as long as he lives at the cost of $258,244.00
a. What is the implied rate of return if your client were to live for 20 years?
b. Is it a good deal?

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