What is the value of the annuity today
Problem
You buy an annuity that will pay you $43,000 a year for 17 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 7.9 percent?
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The payments are paid on the first day of each year. What is the value of this annuity today if the discount rate is 7.9 percent?
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