Calculating Annuity Values your company will generate $65,000 in annual revenue each year for the next eight

Question:

Calculating Annuity Values your company will generate $65,000 in annual revenue each year for the next eight years from a new information database, if the appropriate interest rate is 8.5 percent, what is the present value of the savings?

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...