Future Value of a growing annuity
Future Value of a growing annuity.
Future Value of a growing annuity
For purposes of compensation, an actuary working for a lawyer estimates the annual earnings of a September 11 victim that died at the Twin Towers at age 32. The victim was making $95,000 a year and a stream of payments for that amount would have likely accrued to him annually until retirement at age 65. The actuary knows that this is an ordinary annuity problem. He assumes, as is usual, that the victim’s salary would grow in tandem with inflation, which for years has hovered at around at 3% annually. What is the future value of this annuity, the minimum basis for a possible settlement with the relatives of the victim if a fair settlement were indeed on the table?
Place your order now for a similar paper and have exceptional work written by our team of experts to guarantee you A Results
Why Choose US :
6+ years experience on custom writing
80% Return Client
Urgent 2 Hrs Delivery
Your Privacy Guaranteed
Unlimited Free Revisions
The post Future Value of a growing annuity appeared first on Infinite Essays.
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlines
Order Paper NowFuture Value of a growing annuity