Your Investment Advisor Wants You to Purchase an Annuity That

question 93

Multiple Choice

Your investment advisor wants you to purchase an annuity that will pay you $25,000 per year for 10 years. You require a 7% return. The present value annuity factor at 7% for 10 years is 7.0236. What is the most you should pay for this investment?

• A)$49,179
• B)$175,590
• C)$201,000
• D)$225,682
• E)$250,000

---

Definitions:

Serum Lithium Level

The concentration of lithium in the blood, monitored to manage and adjust the dosage of lithium medication for bipolar disorder treatment.

Diarrhea

A condition characterized by frequent and watery bowel movements, which can lead to dehydration if not treated.

Blurred Vision

A lack of sharpness in seeing, resulting in the inability to see fine details, which can be a symptom of various eye conditions.

Frequent Urination

The need to urinate more often than usual, which can be a symptom of various underlying health conditions.