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What is the value of the annuity if received

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Reference no: EM132498853

Question 1: Sammy has an annuity that pays him 9600 at the beginning of each year. Assume the economy will grow at a rate of 3.1% annually. What is the value of the annuity if he received it now instead of over a period of 10 years ?

Option 1: $ 78,044.65

Option 2: $80,651.16

Option 3: $81,075.98

Option 4: $83,999.29

Reference no: EM132498853

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