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Suppose you have the following information on an annuity. Annuity = $200.00 per year r= 3% Discount rate # of years = 20,000 The annuity

Suppose you have the following information on an annuity.
Annuity = $200.00 per year
r= 3% Discount rate
# of years = 20,000 The annuity will pay for 10,000 years.
What is the present value of this annuity?
a. $6,667
b. $952,380
c. A really, really big number
Ans.

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