Question
A person wants to create an annuity that will provide them with a fixed payment of $10,000 at the end of each year for the
A person wants to create an annuity that will provide them with a fixed payment of $10,000 at the end of each year for the next 15 years. The annuity will earn an interest rate of 8% compounded annually. What is the present value of this annuity?
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
