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PLEASE ANSWER ASAP!! A 5-year annuity making quarterly payments of 2250 will make its first payment 11 years and 3 months from today. You would
PLEASE ANSWER ASAP!!
A 5-year annuity making quarterly payments of 2250 will make its first payment 11 years and 3 months from today. You would like to purchase this annuity 2 years from today. If you want to earn an effective annual rate of 6.5% what should you be willing to pay 2 years from now? Your answer below to the nearest dollar.
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