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Use a financial calculator: ( 1 0 points ) The present value for an n year annuity due paying 7 5 , 0 0 0

Use a financial calculator: (10 points) The present value for an n year annuity due paying 75,000 per year is 289,201.7672. The present value for the annuity is based on an annual effective interest rate of 2.5%. A savings account earning interest at an annual effective rate of i is opened immediately after the first payment of the annuity is received. Each of the n payments from the annuity is deposited into the savings account at the time each is received. The account balance in the savings account at the end of year n is 327,184.9407. Find i
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