please help help me out?? Garrett has an annuity that pays $2,460 at the beginning of each year. If the economy grows at a rate of 2.35% semiannually, what is the value of the annuity if he received it in a lump sum now rather than over a period of nine years?
$40,168.22
$39,701.72
$20,084.11
$19,850.86

Question

please help help me out?? Garrett has an annuity that pays $2,460 at the beginning of each year. If the economy grows at a rate of 2.35% semiannually, what is the value of the annuity if he received it in a lump sum now rather than over a period of nine years? 
$40,168.22 
$39,701.72
 $20,084.11 
$19,850.86

anonymous · Answer

@dumbcow

dumbcow · Answer

lump sum would be PV of the nine future payments
i get 18 thousand and something