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The present value of an annuity paying $1000 at the end of each year for Y years is $12,692.58, and the present value of an
The present value of an annuity paying $1000 at the end of each year for Y years is $12,692.58, and the present value of an annuity paying $300 each year for four years is $1069.12. Find the present value of an annuity paying $500 at the end of each two years for Y years. The answer listed is $3099.00 Please show the steps and formulas to arrive at this
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