If you want to be paid from a 1414 year ordinary annuity with a guaranteed rate...
If you want to be paid from a 1414 year ordinary annuity with a guaranteed rate of 4.266%4.266% compounded annually, how much should you pay for one of these annuities if you want to receive annual payments of $6,000.00$6,000.00 over the 1414 year period?
please explain how to do this
Homework Answers
Calculating Present Value of Annuity,
Using TVM Calculation,
PV = [FV = 0, PMT = 6,000, N = 14, i = 0.04266]
PV = $62,280.12
Amount to be paid for Annuity = $62,280.12
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If you want to be paid from a 1414 year ordinary annuity with a
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