Billy has an annuity that pays him $9800 at the beginning of each year. Assume the economy will grow at a rate of 3.3% annually. What is the value of the annuity if he received it now instead of over a period of 10 years?

$82,330.56
$85,047.46
$113,910.63
$117,669.68

Question

Billy has an annuity that pays him $9800 at the beginning of each year. Assume the economy will grow at a rate of 3.3% annually. What is the value of the annuity if he received it now instead of over a period of 10 years?

$82,330.56
$85,047.46
$113,910.63
$117,669.68

anonymous · Answer

@ganeshie8 @dan815 @Data_LG2 @LunyMoony @Legends @Kainui @King.Void. @Compassionate

aaronandyson · Answer

https://answers.yahoo.com/question/index?qid=20130502152908AANJkQr