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You buy an annuity which will pay you $7,800 a year for 15 years. the payments are paid on the first day of each year. what is the value of this annuity today if the discount rate is 12 percent?
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You buy an annuity which will pay you $7,800 a year for 15 years. the payments are paid on the first day of each year. what is the value of this annuity today if the discount rate is 12 percent?

User Yurkol
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1 Answer

5 votes

The answer is 117,000

User Juanita
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