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You bought an anutyslling t s8,163.14 today that promises to mabe equal payments at the begning of each t an annuity selling at $ year
You bought an anutyslling t s8,163.14 today that promises to mabe equal payments at the begning of each t an annuity selling at $ year for the next six years (N). If the annuity's appropriate interest rate (1) remains at 6.50% during this time, then the value of the annual annuity payment (PMT) is $1,979.16 $1,583.33 $4,489.73 $2,295.83
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