What is the most he should have paid for the annuity

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Reference no: EM132004377

Mark Ventura has just purchased an annuity to begin payment two years from today. The annuity is for $24,000 per year and is designed to last 7 years. If the interest rate for this problem calculation is 11 percent, what is the most he should have paid for the annuity? Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Maximum Payment =

Reference no: EM132004377

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