Done Photo (19 of 34) PVAN 2. An insurance company offers you an end of year annuity of $48,000 per year for the next 20 years. They claim your return on the annuity is 9 percent. What should you be willing to pay today for this annuity? FVAN Billy Bob has decided to put $2,400 a year (at the end of each year) into an IRA over his 40 year working life and then retire. What will Billy have if the account will earn 10 percent compounded annually? 3. tion 4. Keith Stone has a 10-year old daughter, Kate, who will be entering college in 8 years. Keith estimates college costs to be $16,000, $17,000, S18,000 and $19,000 payable at the beginning of each of Kate's four years in college. How much must Keith save each year (assume end of year payments) for each of the next 8 years to have enough savings to nas