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What is the value of annuity today at a discount rate

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Reference no: EM132915300

Problem 1: You buy an annuity, which will pay you $12,000 a year for ten years. The payments are paid on the first day of each year. What is the value of this annuity today at a 7% discount rate?

Option 1: $84,282.98
Option 2: $87,138.04
Option 3: $90,182.79
Option 4: $96,191.91
Option 5: $116,916.21

Reference no: EM132915300

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