Suppose you get for free one of the following two securities:
a) an annuity that pays $10,000 at the end of each of the next 6 years, or
b) a perpetuity that pays $10,000 forever, but payments do not begin until 10 years from now (the first cash payment from this security is 11 years from today).
Which security would you choose if the annual interest rate is 5%?

Does your answer change if the interest rate is 10%? Explain why or why not.

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Planning for the future should be as important as planning any aspect in your life. when you retire, you will be faced with a big turning point in your life such as having to deal with your personal growth, your relationship with your family and friends, and finding purpose and happiness in life. you should be prepared not just financially, but emotionally and mentally. make sure that after all the work that you've done for all your life, you find the time to relax and enjoy your retirement with your family, friends, and yourself.