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.

Question

2 years ago

12

What is the value of the annuity if he received it now instead of over a period of 10 years?

2 answers:

Damm [24] · Answer 1 · 2022-10-01T00:32:14+03:00

Damm [24]2 years ago

5 0

Answer:

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

Step-by-step explanation:

Nady [450] · Answer 2 · 2022-10-01T01:32:35+03:00

Nady [450]2 years ago

4 0

Answer: $81,243.05

Step-by-step explanation: