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?

Question

anonymous · Answer

@zendaya-replay-guy

anonymous · Answer

oka

anonymous · Answer

okay i dont know for sure but i think it is 20,084.11

anonymous · Answer

@sydnoelle

anonymous · Answer

Oh treasure... money... why must they make it so complicated? ^.^

Surely you were given some sort of formula for this?

anonymous · Answer

thank u !! that's one of my choices. Ill see if its right when I send it in. @zendaya-replay-guy

anonymous · Answer

ur very welcome! just tell me if u want me to help agian i am not