Considering investing in annuity contract

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Carla Vista Co. is considering investing in an annuity contract that will return $29,490 annually at the end of each year for 18 years. What amount should Carla Vista Co. pay for this investment if it earns an 4% return?

Reference no: EM131263821

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Considering investing in annuity contract : Carla Vista Co. is considering investing in an annuity contract that will return $29,490 annually at the end of each year for 18 years. What amount should Carla Vista Co. pay for this investment if it earns an 4% return?

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