Answer:
the question is incomplete, so I looked for a similar question:
How much will you get if you want the annuity to last for 5 years?
after 10 years you will have $10,000 x (1 + 10%)⁶ = $17,715.61
we can use the present value of an ordinary annuity formula in order to determine the annual payment:
present value = annual payment x annuity factor
annual payment = present value / annuity factor
- present value = $17,715.61
- PV annuity factor, 6%, 5 periods = 4.2124
annual payment = $17,715.61 / 4.2124 = $4,202.59