How much must be invested today in order to generate a 7 year annuity of $6,684 per year, with the payment one year from today, at an interest rate of 2%? PV=_ C + C +...+ C (1 + r) (1 + r)2 (1 + r) or PV= CX 1-1/(1+r)* V = cx{1-1(1+r) ]