At age 65 you will receive an annuity of $1,200 a month, and you expect to live until 85. If you are 28 years old today, how much is that Annuity worth today? Rate 7.8% PV of Annuity, t (85-65) x 12-300;7.8%/12-006Spy of Annuity-S158,83.14 Then take PV of that PV of annuity $158,183.1441 + 7.8% -$14,429.20 You want to retire and believe you will need $3,300 a month to live on for the next 25 years. How much will you need to invest today to have the S3.300 per month? Rate : 68% 7. 8. PV of an Annuity $475,454.93 R 068/12 T 25 x12 300 You win the lottery for $30,000,000 but you have to take it in 20 payments. An outside company will offer you to give you a lump sum up front. You believe you can earn 5.6% on the money, what amount would you accept. 9. PV of an Annuity- $17,777,787.08 DOLL