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Assume you are to receive a 10year annuity with annual payments of $1,800. The first payment will be received today (that is, at t=0) and
Assume you are to receive a 10year annuity with annual payments of $1,800. The first payment will be received today (that is, at t=0) and the last payment will be received at the end of Year 9 (that is, at t=9) You will invest each payment in an account that pays 7.6% p.a. you do not make any withdrawals, how much money will be in your account exactly 20 years from today? Record your answer as a dollar amount rounded to 2 decimal places, but do not include a dollar sign or any commas in your answer. For example, enter $12.327.24987 as 1.2327.25
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