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You are offered an annuity that will pay $12,000 per year for 20 years (the first payment will be made today). If you feel that

You are offered an annuity that will pay $12,000 per year for 20 years (the first payment will be made today). If you feel that the appropriate discount rate is 13%, what is the annuity worth to you today? $971,361.95 $95,255.63 $84,297.02 $1,097,639.00 $691.007.93
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You are offered an annuity that will pay $12,000 per year for 20 years (the first payment will be made today). If you feel that the appropriate discount rate is 13%, what is the annuity worth to you today? $971,361.95 $95,255.63 $84,297.02 $1,097,639.00 $691,007.93

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