Description
If you invest $900 per year in an ordinary annuity where interest is not taxed, what will be the amount of the annuity for each interest rate for a 30 year time period at 5% 7% 9% 11% 13%
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P.V=A(1+r)^-n/r)
at 5%
pv=9000(1+0.05)^-30/0.05)
=41,647.94076
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