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Using PV=PMT[1-(1+i)^-n]/i where i=r/m and n=my American General offers a 7-year ordinary annuity fund that paysa guaranteed interest rate of 6.35% compound interest annually How

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Using PV=PMT[1-(1+i)^-n]/i where i=r/m and n=my
American General offers a 7-year ordinary annuity fund that paysa guaranteed interest rate of 6.35% compound interest annually How much should you pay for one of these annuities if you want to receive payments of $ 10,000 annually for that 7 year period

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