PLZ NO answers like this

Let the price of the annuity be P

5%=((8000/6%*(1.06^30-1))/P)^(1/30)-1

=>P=8000/6%*(1.06^30-1)*1/1.05^30

=146338.2514

11. Jay buys a 30-year annuity immediate with end of year payments of 8,000 for a price of P. He replaces his capital over 30 years with a savings account, which pays AEIR 6%. His APY is 5%. Please find P