Juan has an annuity that pays him $9400 at the beginning of each year. Assume the economy will grow at a rate of 3.4% annually. What is the value of the annuity if he received it now instead of over a

asked Mar 9, 2020 83.4k views

2 votes

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5 votes

Answer:

We simply determine the present value of a compound increasing annuity.

Explanation:

Pedro Estrada answered Mar 10, 2020

8.1k points

1 vote

Answer: $81,243.05

Explanation:

Egidiocs answered Mar 14, 2020

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